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> banks don't seem to spend much time tracking down the criminals I am curious how you come to this conclusion, given that banks are extremely reticent to disc
by mcherm 10y ago
> banks don't seem to spend much time tracking down the criminals
I am curious how you come to this conclusion, given that banks are extremely reticent to discuss what security measure they take and to avoid any publicity about security breaches (even publicity about how they caught someone brings the problem back to the public's mind). So if they WERE being effective in tracking down the criminals, how would you know?
- joosters 10y agoThere are plenty of reports of people who, after getting refunded for a fraudulent transaction, get told that the bank won't investigate it, and that they should report it to the police themselves if they want to get someone to investigate. That doesn't strike me as banks caring too much. I'm not saying the banks care nothing for security, and I am sure that they don't want to lose money if they had a choice, but their actions often give an outward impression of not being too bothered about individual losses.
- MichaelGG 10y agoFor small amounts, things absolutely go un-tracked. There's just too much fraud to go after smaller actors. And often when you do, you just find a hapless mule that was used to relay the money. Something like this, where it's 10M pounds and a severe internal breech is different.