Comments: Banks will take responsibility for online fraud

The case you mentioned, PATCO Construction Inc. vs. Ocean Bank, has just been reversed by the US Appeals Court, which found the bank liable.

Posted by Vincent at July 8, 2012 03:52 AM

The problem, Ian, is that offline banking is not safe either. The banks are built on an antiquated system of holding value and authenticating transactions based on name, number and signature - all easily copied information. They cannot change.

Posted by Ken G at July 15, 2012 03:27 PM
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