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For most people (pre retirement age) the funds are locked in a trust they can barely access themselves. I presume (big if) that those that lost money were retir
by blitzar 2y ago
For most people (pre retirement age) the funds are locked in a trust they can barely access themselves. I presume (big if) that those that lost money were retired and payment details for their monthly income was changed to pay to the bad guys accounts.
- worthless-trash 2y agoThis was exactly my thoughts, how exactly can the 'bad guys' access it, when people who may need it cant ?
- blitzar 2y agoIt is still really bad - (again if it was the case) monitoring very simple things like "# of changed payment" instructions could detect this sort of fraud quickly, or at worst speedbumping the time to change payment instructions. Pre self service on the internet call centers / mail in processors would have noticed if a large % of customers changed their payment details over a few days.