NewsIndiaBanks must compensate digital fraud victims for losses if due diligence fails: Supreme Court Banks must compensate digital fraud victims for losses if due diligence fails: Supreme CourtBanks must compensate digital fraud victims for losses if due diligence fails: Supreme Court. Oct 29, 2026 16:38 ISTThe Supreme Court on Thursday said banks and other financial institutions must be held accountable for losses suffered by victims of digital fraud cases, observing that victims of offences such as digital arrest scams should receive compensation of at least the amount lost if the fraud is found to have resulted from a failure of due diligence by the financial institution.- Ends