Banks urged to repay victims of cyber fraud as UK’s biggest tech con sees customers lose £113million

BANKS are being urged to repay all victims of cyber fraud after the UK’s biggest tech con saw customers lose £113million.

Tricksters led by Feezan Choudhary, and helped by bank staff like Amy Daramola, scammed a fortune from businesses across the UK.

Smooth-talking Choudhary, 25, was jailed yesterday after posing as a bank security worker to persuade firms to give out account details.

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With cyber crime believed to be worth over £1billion a year, Labour MP Andrew Gwynne said: “The banks have a moral obligation to pay these businesses their money back. It’s small fry for them, but for these firms it can be the difference between life or death.”

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Many victims of Choudhary banked with RBS. A spokesman for the bank said last night: “We deal with fraud cases on a case by case basis, and will try to get customers’ money back wherever possible.

"But victims of fraud are not automatically refunded.”

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Mr Gwynne said: “This is a loophole in the legislation which the Government is going to need to look at.”

Victim Des Dillon, 67, had £250,000 siphoned from his property firm after a 15-minute call. He said: “I think I have been let down by banks’ systems.”