Overview

• The Court of Cassation upheld a previous ruling that BNP Paribas must reimburse a client defrauded by a fake bank advisor.
• The client was deceived into authorizing fraudulent transfers totaling €54,500 by someone posing as a bank employee.
• The court found no severe negligence by the client, as the scam involved phone number spoofing, making it appear legitimate.
• BNP Paribas is required to pay an additional €3,000 in legal fees to the affected customer.
• Fraud losses in France reached €1.2 billion in 2023, with spoofing scams accounting for a significant portion.