Standard Bank’s lockdown PIN snafu costs its customers mounds of cash
All fraudsters needed was an ID, credit card and cellphone, and the bank’s self-service divulged the security code
23 August 2021 - 19:11
Most banks deny all liability for their clients’ banking fraud losses if the crimes were committed with their personal identification number (PIN), but what if the bank’s own self-service system read out that PIN to the fraudster?..
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