Thursday, 9 October 2025

30% of bank transfer fraud claims are rejected

A year ago, new rules were introduced, requiring firms to reimburse victims of bank transfer fraud (when you accidentally transfer money to a scammer) within five business days in all but exceptional cases. The good news is that the reimbursement rates are relatively high, however 30% of claims were rejected in first nine months of the scheme.

Find out how it works and how to fight your corner if a claim gets rejected and you think you've been treated unfairly.


Source: Which? (08 Oct 2025)

⚠️ Current UK Cyber Threat Landscape: Phishing Trends to Watch 2025 πŸ‡¬πŸ‡§

While the classic "mailbox full" scam is still used, cybercriminals in the UK are using much more sophisticated tactics right now....