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Just create a law that forces bank to refund defrauded customers. Now you're robbing one large institution that can support the loss once again, problem solved.
by xyzzyz 13y ago
Just create a law that forces bank to refund defrauded customers. Now you're robbing one large institution that can support the loss once again, problem solved.
- walshemj 13y agoyeah given the banks track record in dragging their feet over phantom atm withdrawals thats going to work real well. The banks will probably try to blame the victim to avoid paying out you must have shared/written down your banking password and/or start selling cyber insurance which will become the next PPI scam in a few years.
- PeterisP 13y agoFYI, such laws already exist - in EU, most of the consumer losses in such frauds have to be compensated by the bank. It's not always pleasant but it motivates banks to take effective measurements against identity theft. Many of USA identity theft horror stories could never happen here; as soon as their own cash is threatened, banks can be much mire diligent.