More protection for a more vulnerable digital banking user
The customer is the weakest technological link and deserves more solid legal coverage than that of the entities
A recent ruling by the Tribunal de Justicia Europeo requires banks to immediately refund customers for unauthorized transfers. The judgment does not change the underlying laws but will affect how they are applied in practice. As a result, many new lawsuits are expected, as European banks currently only reimburse 15% of transfer scams.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
