So there has to be a point where the bank isnt at fault. Where you gave your OTC code to the guy anydesked to your PC and approved the transfer verbally.<p>I dont know about the citibank case, but the Australian government is teasing laws that will make the bank 100% liable in all fraud cases, responsible for 100% refunds. The idea is that this will incentivise the banks to build idiot proof security. I think it would more likely incentivise them to only have non idiot customers.
One of the large complaints about crypto currencies is that it is so easy to get scammed out of funds.<p>Is traditional banking truly any better of an alternative?