Our database, the financial institution lebanon telegram data is oblig to suspend the transfer for two days, even if the client insists. If after two days the person has not cancell the transfer to the same fraudulent account, the bank is oblig to execute the transaction. And in this case, it is releas from financial liability.
Currently, the average compensation
Share is about 5%. Will it increase after the law comes into force?
— Today, banks reimburse money only in one case, when the theft occurr without the client’s participation, i.e., he did not give the fraudsters access to his money: did not provide card details, SMS codes, login or password. However, a large number of fraudulent transactions occur using social engineering, when a person voluntarily transfers who is he and what does he do? savings to the attackers. Such cases do not fall under the current compensation mechanism. The adopt law is aim at combating such thefts, among other things.
We do not make forecasts for the growth
of the share of compensations. Our task is not to increase compensations, but to motivate banks to restructure their work in such a way that there america email are practically no successful thefts.
