Calls for federal government to mandate the checking of account details before money transfers are made
Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcast
The federal government should take action to force banks to reimburse scam victims and check the account details match up on transactions to stop scams before the money is lost, consumer rights advocates say.
The call comes as Australia’s big four banks pushed back on mandatory reimbursements, arguing they could “inadvertently lead to increases in scam activity” and that customers should keep themselves safe.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
Continue reading…Read MoreCybercrime | The Guardian
