Revolut Urges Meta to Share £85,000 Fraud Reimbursement Costs

Revolut has called on Meta to share the cost of reimbursing victims of cyber fraud. The digital bank criticized Meta's approach to handling scams and emphasized that the tech giant should compensate victims. This comes amid regulatory changes that require banks to refund up to £85,000 to fraud victims, shifting the focus from blaming customers to shutting down scammers. The new regulations pose a significant credit risk for banks without additional responsibilities on customers. Most victims will receive automatic refunds, according to Ryan_Browne_.