01-07-2020, 09:22 PM
A bit more on the question of Banks and Liabilities for losses via Internet Banking...
I have no idea about other banks, but I found this yesterday, relating to my bank.
IF:
As we all know, everything at the bank is sweet while the money is flowing in their direction.
But if you stop paying your mortgage, things will turn septic pretty quickly, as a friend of mine found out. They are quite willing to treat you like something a dog left on the street, and start talking about selling your house. The lawyers come next... [My friend escaped, with his house, happily minus his wife, and now reports to me constantly how fast he is paying off his mortgage. He's got big kahunas, but obviously, that frightened the c~&p out of him! He wants out of that relationship too, asap!]
Once the lawyers are involved, who knows? It's their job to get the best outcome for their client. Likely, they will argue that failing to install anti-virus on your PC after they have told you it's a condition of doing internet banking with them, is negligent.
And in our courts, they would almost certainly win. What's more, lawyers fees will no doubt also count as a loss.
Not trying to scare anyone, but I think it's worth thinking about.
I have no idea about other banks, but I found this yesterday, relating to my bank.
IF:
- You’ve acted fraudulently or negligently: You’re responsible for all losses, regardless of the balance available in your account.
As we all know, everything at the bank is sweet while the money is flowing in their direction.
But if you stop paying your mortgage, things will turn septic pretty quickly, as a friend of mine found out. They are quite willing to treat you like something a dog left on the street, and start talking about selling your house. The lawyers come next... [My friend escaped, with his house, happily minus his wife, and now reports to me constantly how fast he is paying off his mortgage. He's got big kahunas, but obviously, that frightened the c~&p out of him! He wants out of that relationship too, asap!]
Once the lawyers are involved, who knows? It's their job to get the best outcome for their client. Likely, they will argue that failing to install anti-virus on your PC after they have told you it's a condition of doing internet banking with them, is negligent.
And in our courts, they would almost certainly win. What's more, lawyers fees will no doubt also count as a loss.
Not trying to scare anyone, but I think it's worth thinking about.
Evolution says that Paranoia is a valuable survival attribute.
Thank God for Evolution!
Thank God for Evolution!