this post was submitted on 03 Aug 2023
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Angela recognised the 'hi mum' scam too late — but feels her bank let her down with what came next (www.abc.net.au)
submitted 2 years ago by DavidDoesLemmy@aussie.zone to c/ausfinance@aussie.zone
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Watch out for scams, folks

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[–] ephemeral_gibbon@aussie.zone 4 points 2 years ago

I saw that recently the UK introduced a law that sending and receiving banks have to each pay for half the scam. We need that here as it forces banks to create good fraud detection. Here's an article on it: https://www.abc.net.au/news/2023-07-11/uk-laws-force-to-banks-reimburse-scam-victims-unless-negligent/102563000

If that was introduced I'd be surprised if most scams weren't stopped after a few years