**Digital Banking Under Fire: Revolut Faces Fraud Concerns**

Sat Mar 15 2025 11:40:46 GMT+0200 (Eastern European Standard Time)
**Digital Banking Under Fire: Revolut Faces Fraud Concerns**

Digital banks like Revolut promise convenience and speed, but rising fraud cases raise security alarms.


Customers have raised concerns over digital banking platform Revolut's security measures following a reported £165,000 fraud case.

**Digital banking platform Revolut is facing scrutiny after a customer claimed £165,000 was stolen from his account due to inadequate security controls. Despite rapid growth and a large customer base, the e-money firm has been frequently mentioned in fraud reports. Customers are becoming increasingly wary of digital-only banks as fraudsters seemingly exploit vulnerabilities more easily than traditional banks.**

A business owner, referred to only as Jack, had £165,000 stolen from his Revolut account. Fraudsters bypassed security, prompting questions about Revolut's systems. Although rapidly gaining popularity for its ease of use and competitive rates, the digital bank is recording higher fraud incidents than traditional banks. Jack was deceived by scammers asking for codes via phone, exploiting vulnerabilities in Revolut's authorization processes. Complaints against Revolut have soared, with the Financial Ombudsman receiving a high volume. Despite new regulations mandating banks to reimburse fraud victims up to £85,000, skepticism remains. Revolut aims for full banking status soon, but customer trust wavers amid fears of more significant fraud incidents.

MORE ON THEME

Wed, 12 Mar 2025 23:10:13 GMT

Escrow Scam Exposed: How Frank “LaBella” is Cheating Donors

Wed, 12 Mar 2025 23:10:13 GMT
Wed, 12 Mar 2025 23:08:14 GMT

Accusations Fly Against Bella Title & Escrow Over Bitcoin Mismanagement

Wed, 12 Mar 2025 23:08:14 GMT
Wed, 12 Mar 2025 22:56:41 GMT

Dark Clouds Over Bella Title & Escrow: Allegations of Financial Misconduct and Fraud

Wed, 12 Mar 2025 22:56:41 GMT
Sat, 08 Mar 2025 10:53:11 GMT

Nigeria to Receive Essential Leprosy Treatment After Year-Long Shortage

Sat, 08 Mar 2025 10:53:11 GMT
Fri, 07 Mar 2025 22:19:41 GMT

Mark Geragos Faces New Fraud Allegations From Jewelry Designer Pamela Love

Fri, 07 Mar 2025 22:19:41 GMT
Wed, 05 Mar 2025 10:45:45 GMT

Fact-Checking Trump's Congressional Address: Misleading Claims and Statistics

Wed, 05 Mar 2025 10:45:45 GMT
Mon, 03 Mar 2025 22:45:22 GMT

**Blatter and Platini Return to Swiss Court Over Fraud Charges**

Mon, 03 Mar 2025 22:45:22 GMT
Thu, 27 Feb 2025 09:14:29 GMT

Pokémon's Future: CEO Sees Potential for Another Century of Adventure

Thu, 27 Feb 2025 09:14:29 GMT
Thu, 27 Feb 2025 00:56:36 GMT

**Pokémon's Future: A Legacy Set to Last a Century?**

Thu, 27 Feb 2025 00:56:36 GMT
Tue, 25 Feb 2025 12:45:39 GMT

Elizabeth Holmes' Appeal Denied: A Setback for Theranos Founder

Tue, 25 Feb 2025 12:45:39 GMT
Fri, 21 Feb 2025 13:49:33 GMT

**Gang Leader Assassinated in Courtroom: A Security Breach Stuns Sri Lanka**

Fri, 21 Feb 2025 13:49:33 GMT
Fri, 21 Feb 2025 07:26:13 GMT

**Fatal Courtroom Shooting of Notorious Gang Leader Raises Security Concerns in Sri Lanka**

Fri, 21 Feb 2025 07:26:13 GMT
Fri, 21 Feb 2025 05:49:32 GMT

Jack Ma's Comeback: A Signal of Changing Times for China's Tech Sector

Fri, 21 Feb 2025 05:49:32 GMT
Thu, 20 Feb 2025 13:41:05 GMT

**Cemetery Desecration Sparks Outrage in Tanzanian Community**

Thu, 20 Feb 2025 13:41:05 GMT
Tue, 18 Feb 2025 10:19:57 GMT

Impeachment Threat Looms Over Argentina’s President Amid Crypto Debacle

Tue, 18 Feb 2025 10:19:57 GMT
Mon, 17 Feb 2025 19:23:19 GMT

**Impeachment Threat Looms Over Argentine President Amid Crypto Controversy**

Mon, 17 Feb 2025 19:23:19 GMT
Sun, 16 Feb 2025 14:37:45 GMT

Trump Reinstates Pre-Biden Energy Standards for Household Appliances

Sun, 16 Feb 2025 14:37:45 GMT
Thu, 13 Feb 2025 12:09:41 GMT

Over 250 Foreign Workers Rescued from Scam Operations in Myanmar

Thu, 13 Feb 2025 12:09:41 GMT
Tue, 11 Feb 2025 14:39:56 GMT

U.S. Vice President Vance Declares A.I. Dominance at Paris Summit

Tue, 11 Feb 2025 14:39:56 GMT
Tue, 11 Feb 2025 02:38:48 GMT

**Austrian Authorities Hunt for Suspected Fraudulent Shaman in Multi-Million-Euro Scam**

Tue, 11 Feb 2025 02:38:48 GMT

Follow us

© 2024 SwissX REDD UK ltd. All Rights Reserved.