Industry Verticals · FinTech & BankingstructuralBillingB2CFintechFraud Prevention

Banks denying fraud claims when scam victims authorized the charge

Consumers defrauded by sophisticated impersonation scams — where attackers had PII from the original transaction — find their fraud claims denied because the charge was technically "authorized." Card issuers treat authorization as proof of legitimacy regardless of deceptive circumstances. This leaves victims of social engineering with no recourse through standard chargeback processes.

3mentions
1sources
6.1

Signal

Visibility

6

Leverage

Impact

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