Banks Liable to Compensate Digital Fraud Victims if Due Diligence Lapses Lead to Losses

Supreme Court’s Directive on Bank Accountability The Supreme Court has stated that banks should be held responsible for losses incurred by victims of digital fraud, emphasising that safeguarding customers is a fundamental duty of financial institutions. This assertion was made during a hearing on Thursday, where the court addressed the necessity for banks to compensate […] The post Banks Liable to Compensate Digital Fraud Victims if Due Diligence Lapses Lead to Losses appeared first on The CSR Journal.