“It simply isn’t good enough” - Revolut calls for Meta to commit …
WEB1 day ago · Revolut is calling for Meta to commit to the reimbursement of fraud victims, arguing its data sharing initiative with UK banks and financial institutions falls woefully short of what’s required to tackle fraud globallyNew report from Revolut today reveals Meta platforms remain the biggest source of all scams (62%), reported to Revolut globally in H1 2024, showing no significant change from ...
Digital bank Revolut slams Meta over approach to scams
WEB21 hours ago · British financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who ...
Live news: Revolut urges Meta to share cost of reimbursing fraud …
WEB2 days ago · Revolut has called on Meta to share with banks the cost of reimbursing fraud victims, saying the Facebook owner’s latest anti-fraud initiative does not go far enough.. The criticism comes after ...
Revolut urges Meta to step up on cyber fraud reimbursement
WEB16 hours ago · But with a Revolut consumer security and financial crime report showing that Meta platforms are the source of 62 percent cyber fraud attacks reported to the UK firm, Revolut's head of financial ...
Revolut urges Meta to share cost of reimbursing fraud victims
WEB17 hours ago · From October 7, UK banks and payment companies will be liable for refunding fraud victims on claims worth up to £85,000. Bankers and politicians argue that making tech companies contribute to ...
Revolut Grapples With Surge in Scam Complaints That Threatens …
WEBSep 11, 2024 · Revolut's Big Bank Ambitions Threatened by Surge in Fraud Complaints. The $45 billion challenger bank says it’s committed to tackling online fraud as it seeks ‘exponential’ growth. ByAisha...
Revolut’s US payment flaws allowed thieves to steal $20mn
WEBJul 9, 2023 · A flaw in Revolut’s payment system in the US allowed criminals to steal more than $20mn of its funds over several months last year before the company could close the loophole, according to ...
Revolut releases its first ever Financial Crime and Consumer …
WEBApr 17, 2024 · Revolut has today announced the release of its first ever Financial Crime and Consumer Security Report, disclosing 2023 trends and data on the most prolific kinds of fraud and scams. Job scams increased by 1200% and …
Revolut US Payment Flaw: Thieves Said to Steal $20 Million
WEBJul 9, 2023 · Organized criminals exploited a flaw in Revolut’s payment systems to steal more than $20 million of the fintech’s money, the Financial Times reported, citing multiple sources with knowledge of...
Revolut Gets More Scam Complaints Than UK Banks, …
WEBJul 20, 2024 · Revolut Ltd. has denied thousands of UK customers’ requests to be reimbursed after they were defrauded by scammers, leading many of them to turn to the country’s Financial Ombudsman Service for help with their case.
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