Jump to content

News Forum - Banks confirm refunds to recent cyber fraud victims


Thaiger
 Share

Recommended Posts

After the recent cyber fraud scam that affected at least 40,000 individuals in Thailand, banks are now confirming that they will refund money to such victims. The scam saw small amounts of online withdrawals through hacking users’ debit and/or credit card information. Payong Srivanich, chairman of the Thai Bankers’ Association, says banks will pay back money to the victims of these cases within 5 business days for debit card holders. For those holding credit cards, the banks will cancel suspicious transactions while not collecting interest or fees for the transactions from cardholders. Payong also said the banks will close affected credit […]

The story Banks confirm refunds to recent cyber fraud victims as seen on Thaiger News.

Read the full story

Link to comment
Share on other sites

Banks have capitulated too easily for Thailand.

Think there is a bit more to this story than what they are saying.

Link to comment
Share on other sites

The banks do have a responsibility to refund clients in these circumstances. Having said that, the banks will then turn around to their insurer and seek reimbursement.  

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use