This petition was submitted during the 2015-2017 parliament
Petition Make all UK commercial Banks publicly disclose ALL their customers fraud losses
Banks should be mandated that all fraud losses of their customers are disclosed publicly. This would focus them to protect their customers funds and data more securely. This should be disclosed on their Annual Reports as how many customers and how big each loss (without disclosing customer details)
More details
Mostly, the only time these losses come to light is when a customer goes to the media because the banks will not pay their money back. eg
Banks take losses as a cost of doing business instead of investing in solutions to protect their customers money
This petition closed early because of a General Election Find out more on the Petitions Committee website
8 signatures
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10,000 signatures required to get a government response