TSB Bank Promises Refunds To Fraud Victims

Law360, London (April 15, 2019, 4:09 PM BST) -- TSB Bank said Monday that it will refund any of its 5.2 million customers if they fall victim to fraud, in what it described as the first such response by a U.K. lender to the growing threat of cybercrime.

The bank said in a statement that it would refund victims such as those who have lost money through unauthorized transactions or been tricked into transferring money to fraudsters. One in four U.K. residents fell victim to online fraud in 2018 and criminals stole more than £1.2 billion ($1.57 billion) through bank fraud, TSB said, citing data from Shieldpay, a financial technology...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS