This is a fault of your political system, it's not a problem inherent to banks. In my jurisdiction, banks will regularly refund and make whole people who have

This is a fault of your political system, it's not a problem inherent to banks. In my jurisdiction, banks will regularly refund and make whole people who have lost money to scams. They in theory can refuse if they think the owner of the account was careless, but in general they will refund a lot of scams. One good consequence of this is that scammers now become the banks problem, so they will do more to help educate and prevent scams. Rather than being able to wash their hands of scams, they will be proactive in making sure transfers are genuine, etc. Of course this can on occasion be a hassle, but in general it's reassuring that the default is not to allow large transfers to "random" people, and even more re-assuring that in general it's the bank who is on the hook for the money.