This all started some time ago. It was September 7th 2021 when I wrote ‘As banks cut corners’ (at https://lawlordtobe.com/2021/09/07/as-banks-cut-corners/) In that article I wrote “They merely needed some time, a $2500 computer and a decent internet connection, the pay off would be a 7 figure number and with the speed they are tracked they would be living large in another country with nothing attached to them. That is the current reality and the level of checks and balances that are missing is just too unbelievable for words. Enjoy your bank account (for as long as you still have it)” and what do you know, ABC gives us less than 20 hours ago (at https://www.abc.net.au/news/2022-09-19/adelaide-man-prepares-legal-action-after-being-scammed/101452218) ‘Adelaide man enlists help from former South Australian senator Nick Xenophon after losing $36,000 to scammers’ there we see “Mr Xenophon, now working as a lawyer, is representing Adelaide car salesman Michael Edwards, who lost $36,000 to a sophisticated phone scam earlier this month.” It is one way of looking at it. I personally wonder when the stage of ‘a sophisticated phone scam’ is not met and it is simply the absence of proper checks and balances. The party line of “NAB says recovering money from scammers is often difficult” is a joke. And the setting of “after the call ended, he was still suspicious, and then spent hours on the phone waiting to talk to a real NAB fraud investigator.” Is largely a joke. It is not the man who needs to worry, it is the bank. In a full 5G network the damage will become twentyfold, and the banks need to set larger checks and balances, the fact that we see “I’m working for the NAB, I’ll send you something now on your mobile phone saying he was Mark Jacobs from the fraud department, NAB case number and all the rest of it” implies that the system, the bank system has failed. My first (and optionally incorrect) idea was that any bank has a Java-bean system that sets the stage that the person calling asks the person to start a bank application and goes towards the verification stage. Then the person can give three numbers that are encrypted and only the bank can see these three numbers and they can tell the person what these three numbers are, as such there is verification. Not the scammer gets the upper hand, but the person they try to scam and when that person does not CLEARLY state the three numbers, the person hangs up and presses the alert button. OK, this is old stuff but the stage of verification is underestimated and done away with by banks because of the customer unfriendly factor. So how friendly is losing $36,000 dollars? Things need to change and they need to change fast. When we see ““We’ve seen a significant increase in scams in recent years and its upsetting to see the devastating effects these can have on the impacted victims,” Chris Sheehan from NAB’s Investigations and Fraud group said in a statement” we see a clear setting that changes were essential years ago and soon the banks will not pay for that loss, as such they either improve the setting of security or they pay all losses, but that is merely my view on the matter and the fact that I saw this coming a year ago gives a much larger stage of reckless endangerment of bank accounts by banks. So as people like former South Australian senator Nick Xenophon know the banks have been dropping the ball, the problem is a lot larger. We the people need to realise that ‘simplicity’ of options have a risk. There is a reason why I do not allow for online banking. I have seen this flaw for close to a decade and now we see a case and it is not the first case as plenty of evidence shows. But now it will cost us money and as such the people need to change their habits and change their insufferably need for simplicity and easy access, criminals enjoy your easy access too and one person found that out by donating $36,000 to a scammer. He is not alone and a lot of criminals take a different road, they feel safer getting 50,000 pay outs of $10-$45 then one payout of $36,000. Where the banks stand? You ask them, I doubt you get a clear answer and this issue is playing all over the Commonwealth and the US. Australians lost over $2,000,000,000 last year alone. I have no clear image on how it hits the other nations but these scams are not just bank scams, so the picture is not completely clear, but something needs to be done and some message that 80 people are getting hired is not enough. But that might merely be me yammering on fictive issues. What do you think?