[starbugstk]

If even without the physical token, the scammer can simply use malware to fool your bank app and transfer money out, then what's the point of bringing it back?

I would rather consider facial recognition as a 3FA but even that can be copied if you have a habit, as a huge number of peepur do, of storing their photos in the phone.

There are no easy solutions. Scammers are not lowly educated petty pickpockets who if lucky might pick a wallet with $300 in it. Scammers are highly qualified IT peepur... and it's really not easy for the banks' IT Department. I think we also should exercise some amount of caution.

To lay the entire blame at the feet of banks as you seem to be doing is like saying that your wallet was stolen on 24 December when you were partying on Orchard Road all because the police were not doing their job.

To lay the entire blame at the feet of banks as you seem to be doing is like saying that your wallet was stolen on 24 December when you were partying on Orchard Road all because the police were not doing their job.

Knnbccb! What kind of analogy is that? You think the police force is deployed at Orchard Road only to look after your wallet? Only a senile old man like you would blame the police for that. Police are deployed basically for crowd control and to maintain peace and order. The bank on the other hand is responsible for the money you deposited that's why they are kept in their vaults and locked for our safety and it is contractual. Are you so fuucking dumb and unaware that there are many documents to read and sign when opening an account with a bank?
Knnbccb go and do something you know best like fuucking your mother or granddaughter instead spewing crap here!