‘We handed over £285k to scammers – why didn’t Halifax try to stop us?’
Telegraph Money won back £50,000 for the couple, after the bank said it could have done more
25 January 2021 • 6:00am
Higher earners could be at greater risk of fraud because banks are less likely to notice if they are being scammed, a fraud expert has warned.
Telegraph Money has won back £50,000 for two readers after their bank, Halifax, failed to detect they had been victims of fraud.
Banks try to block payments that look unusual. But this means when customers who regularly transfer large sums of money fall victim to a scam, this can be missed by their bank’s fraud systems.