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Member of the Board of the Bank of Latvia: Banks May Have to Reimburse Funds Embezzled From Accounts by Fraudsters More Often

As cases of fraudsters swindling people's money from their bank accounts increase in the country, the Deputy Chairwoman of the Board of the Bank of Lithuania (LB) says that banks may soon have to reimburse people for money swindled by fraudsters more often.

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As cases of fraudsters swindling people's money from their bank accounts increase in the country, the Deputy Chairwoman of the Board of the Bank of Lithuania (LB) says that banks may soon have to reimburse people for money swindled by fraudsters more often.

·Vilnius, Lithuania
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The Banco de España warns of the importance of always pressing the ‘cancel’ button after withdrawing money from an ATM. This simple action is decisive to completely close the session and avoid, both the disclosure of personal data, and unauthorized access to the bank account by third parties. Ignoring this step may make it easier for strangers to take advantage of the seconds in which the session remains active after the withdrawal of cash.Read …

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Lietuvos Radijas ir Televizija broke the news in Vilnius, Lithuania on Thursday, October 30, 2025.
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