[velavar]

> Until banks accept that they got defrauded, not you, whatever they do will be too little.

True. Regardless of accepting responsibility, I think they're spending a good bit of money in preventing fraud from happening [1]. Maybe some regulation around banks taking fraud losses would do the trick but the flipside would be that simple financial flows of legitimate customers would become full of friction as banks race to lock down fraud losses. Fraud detection is a really hard fraud problem for even a human, let alone models.

[1] https://bankingjournal.aba.com/2022/01/study-banks-see-rise-...