2 ms·

Are you liable for fraud committed with your account online? Or would the bank indemnify you if your password were used to clean out your accounts? Honestly,

• jacquesm 16y ago
  The system we use here has it's own vulnerabilities (after all, if your card is stolen and the pin is known then any token can be used to authorize transactions, and there are known ways to attack the card electronically) but it makes it at least a little bit harder. On top of that we do have indemnification. Combating electronic banking fraud is an ever lasting game of leap frog, it looks like the banks are at least one step too far behind. At least they have the extra challenge question, I hope you made them hard enough :)