Wherever you go, no matter what the weather, always bring your own sunshine

(19-09-2023, 08:44 AM)sgbuffett Wrote: Banks are the ones who got rid of hardware tokens to save money.
They developed the the security and app but forgot to take into account the features on the OS of the phones that make customers vulnerable to scammers.
In addition banks implemented transfer mechanisms that allow money to be moved quickly without strong traceability and checks.
Banks should compensate 100%
(15-09-2023, 06:14 PM)Ola Wrote: Banks has no standards because useless Shoot Blank Queen has no standards
They dare to give out 0.025 interest rates for 10 years
BUT cannot give reliable service
(19-09-2023, 08:44 AM)sgbuffett Wrote: Banks are the ones who got rid of hardware tokens to save money.fully support yr reasoning
They developed the the security and app but forgot to take into account the features on the OS of the phones that make customers vulnerable to scammers.
In addition banks implemented transfer mechanisms that allow money to be moved quickly without strong traceability and checks.
Banks should compensate 100%
(13-09-2023, 06:11 PM)sgbuffett Wrote: All this money is stolen from the bank because of their lax security and software flaws.
The UK govt requires companies and banks to pay for money lost due to security flaws that enable the money to be taken.
I just ask a simple question to show the logic of the above
1. If the hardware token was not phased out how many of the scams would occur.
The answer is no. A proper 2 factor authentication requires a separate physical device. Because the banks chose a flaw unsafe system design all these losses happened.
To me the banks are at fault.
(19-09-2023, 09:01 AM)Migrant Wrote: You got scammed knowingly banks will pay.If there is law scammers and their associates get heavy punishment
Scammer will share part of gain for your cooperation.
So you become a Scammer too.
Dumb gets dumber.