Thursday, 2 November 2023

How good is your bank at refunding scam victims?

Fraud victims often face a frustrating and unpredictable process when trying to recover their losses. Some banks reimburse almost every penny, while others barely cover a fraction of the losses.

The regulator has released a ranking of the 14 largest UK banking groups based on the amount of money they refunded to victims in 2022. So, find out where your bank ranks.

Your bank’s ranking

Source: Which? (31 Oct 2023)

How to avoid identity theft

'Identity theft' is when personal details are stolen, and 'identity fraud' is when those details are used to obtain goods o...