This is one way to look at the story. Another way is to admit that we, as humanity, have very low tolerance to situations where people acting in good faith los

This is one way to look at the story. Another way is to admit that we, as humanity, have very low tolerance to situations where people acting in good faith lose money to fraudsters through no fault of their own. This is not "corner case scenario". This may not happen much, but the tolerance for when it happens is very low. The systems are designed with that low tolerance in mind.