You're right up to the point where the context is fraud. the bank is not required to process transactions for an impersonator. the opposite in fact, it's suppo

You're right up to the point where the context is fraud. the bank is not required to process transactions for an impersonator. the opposite in fact, it's supposed to filter out the fraudster's transaction! even if his password leaked, none of that matters. the transaction is valid only between the bank and the individual, any failure in communication between those two is the bank's problem, it just depends on how loud the scammed consumer is willing to be. in China today there are people in Henan province that had their money completely stolen from their accounts... by the bank owner! and who's responsible? the central bank of course, and they will all be repaid, and very fast now because they protested very very loudly https://www.bloomberg.com/news/articles/2022-07-21/china-to-repay-more-victims-next-week-in-biggest-bank-scam https://www.bloomberg.com/news/articles/2022-07-21/china-to-... people should not have to protest for fairness, the money should have never left their accounts, the system should have been perfect src: software engineer designing fintech systems