I think banks are aware of the shortcomings of debit cards, but the risk far outweighs the need for any more security, why? Debit cards are like credit cards in

I think banks are aware of the shortcomings of debit cards, but the risk far outweighs the need for any more security, why? Debit cards are like credit cards in that they are insured by the bank that issue them. Most debit cards even though they are tied to a real bank account thus resulting in varied availability of funds still have a limit on how much you can spend per day (unless you get the limit lifted). The bank knows that they can take the risk of credit/debit card owners getting their details skimmed and an occasional rogue purchase being made. The amount will be merely written off, a relatively minor loss compared to what your bank will lose in a day from bad investments. Pretty alarming nonetheless, but it is what it is in the financial world. Losses are expected.