Man stole £165,000 from Jack's Revolut business account amid a surge of fraud reports, surpassing major banks.
A man named Jack reported to BBC Panorama that £165,000 was stolen from his Revolut business account after scammers bypassed the company's ID verification. This incident is part of a larger trend, as Revolut was mentioned in nearly 10,000 fraud reports in a year, surpassing major banks. Despite claiming robust fraud controls, Revolut faces scrutiny and investigations, especially following new regulations requiring reimbursement for fraud victims.
October 14, 2024
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