On 2023-08-12, Jeffrey Walton <noloa...@gmail.com> wrote: > > In the US, the banks are laxed. Banks claim they don't want to lose > customers with inconveniences. I understand things are different from > Europe.
It's a two-edged sword, though: I had to purchase a new smart phone in order to continue banking with one French bank, because I could no longer update their app with my old one; the enforcement of the fairly recent security regulations for online banking here involve methods that generally, and conceivably invariably, require you to possess a fairly recent device. > In the US, risk is democratized and reward is privatized. Shareholders > get the losses and executives get the bonuses. No skin off the > executive's backs if the bank or the customer loses money due to > fraud. > > Jeff > > --
