Giant online money firm Revolut is at the centre of a huge spike in fraud cases. Revolut provides current account-style banking, where users can make payments online and in shops using a debit card. The crooks ask for personal details such as debit card numbers and a copy of an ID, and set up a Revolut account fraudulently in that name. The criminals advise that they open a Revolut account, as cryptocurrency trading is allowed in its app. Revolut customers have also complained about difficulties in contacting its customer services team, who can only be reached through the smartphone app.

Source: Daily Mail March 08, 2023 02:34 UTC