1. No, it means that hacking is easier because there is minimal risk to the perpetrators from the victim. It’s a fact that billions of dollars are stolen electronically. How often do you hear of a bank or store robbery these days?
2. My business is in retail & service industry, I meet many people every week, I can not recall one person being robbed of physical cash in the past 5 to 10 years, but I know many that have had their money stolen from cards and bank accounts.
3. And recently a few of those people have told me that the banks are toughening up of refunds, making it harder to claim. One recently was still waiting, several months after the incident.
4. I vaguely remember a press release, I think from the CBA, stating that the bank will not be so lenient on refunds of customers who have money stolen from their accounts.
1. As I said, the vast majority of losses you are talking about come from “scamming”, eg people responding to fake emails, websites, phone calls, text messages etc etc. just using your credit card in genuine situations rarely results in you being scammed.
2. So you don’t know many people that travel to Europe, Google pickpocketing near Eiffel Tower, and you will see it’s a major problem. But how many of those people that got scammed were scammed because of genuine card usage??? Not many although they might not admit it, almost all did something silly I bet.
3. Ask more about the exact circumstances, as I said I bet the person was at fault some how.
4. They do want people to start being smarter, eg giving your bank details to cold callers and the crying when you get money stolen is getting a bit old. I think they want people to start being more responsible for some of their own stupidity.
My mother in law recently replied to a text message from a fake ATO, and gave away here banking details and had $4000 taken, she got the money back, but you can hardly say that’s is the fault of credit cards, she was just silly.
It’s the same old thing, lock your car, lock your house, have good passwords. If you it’s nothing to do with you you will get your money back.