Why aren’t greedy NZ Banks doing more to stop scammers
I don’t understand this…
Govt to ramp up anti-scam efforts, bringing public sector and banking industry together
The government plans to bring together public sector agencies and banking industry players in an effort to ramp up New Zealand’s anti-scam efforts.
To mark the start of Fraud Awareness Week, it has been revealed New Zealanders have lost nearly $200m in the last year to scammers.
Commerce and Consumer Affairs Minister Andrew Bayly said the number was likely higher, as only around one in five scams are reported.
“People who think they’ve been scammed, they feel ashamed. Actually, they shouldn’t. We need more people to own up and front up and say they have, because when that happens, agencies can take action and deal with it,” he said.
“When people don’t talk about it, that’s when other people get ripped off, if I can use that word, so it’s just being open about it and educating people.”
…Mungo no understand.
How can the Banks be making Billion dollar profits yet the best they can do to stop you getting scammed are bullshit education campaigns that move all the responsibility onto you the individual rather than demand the Banks have some accountability here.
The system is set up to protect the Banks – not you stupid sleepy Hobbits!
The Banking Ombudsman is capped at making payouts so that would be a good place to start because the more you can get back from the Bank, the more they will care about it being a problem in the first place.
The Spinoff makes the point that scams in NZ are mostly via Facebook and that Meta makes too much money from them to care.
The very 24/7 interconnectivity that the Banks wanted for never ending consumerism has opened us up to being preyed on by thieves.
With loneliness rife, people fall for scams all the time and the Banking Industry has simply facilitated that crime rather than prevent it.
If the Banks can make so much money, shouldn’t they be far more responsible for the people getting scammed?
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As a person who was nearly scammed I dont understand how the banks can be blamed .After all it was my laptop that was hacked not the banks .Maybe I should have had better security on that laptop ,which again is not the banks fault .
In the end it was the lady at the bank that prevented the scammers from getting any of my money .Also she told me the bank would not have transfered the money because the account it was going to was in Hongkong .They would have contacted me directly and asked why I was sending all my money off shore .
Just because some people are seduced by a so called romance or as in my case someone posing as a special police crime fighting unit why is that the fault of the bank ?
Why arent us dumb hobbits looking after our own security instead of blaming someone else .We all moan about bank fees ,but like rates if we want better service you have to pay .So every scam that the bank has to refund because our personal security is shit ,ends up as part of those bank fees .The end result all customers are covering the cost of that scam .
gordon walker. It should be “ we dumb hobbits, not “ us dumb hobbits” and speak for yourself when you were the person with inadequate security. What’s more, “ romance” has little to do with most scams. Trust me. Or ask a bank. Any bank at all.
I did and she said a lot were and as a Nigerian I would trust what you say as a lot of scams come out of Nigeria .More info from my bank
Gordon walker. Just kidding. I’m not really a Nigerian princess, nor related to the new police commissioner, don’t walk backwards into pubs, will never reverse down a steep street again, grow my own greens but don’t vote for them, will always be.a carnivore, and if dear G’Ma were alive I would not be telling her how to suck eggs.
sorry about my grammer I was educated under national party regulations
I understand that you can’t recall or stop an electronic payment transaction as you used to be able to do with a cheque
How much has this reduction in payment clearance times contributed to the explosion of fraud?
.
Thank you for this. As one who was innocently skimmed via an ATM outlet or eftpos, I approached a retired but influential financial journo about addressing this issue, to no avail. It’s also unclear how interested the banking ombudsman is either. I now keep cash under the mattress, do not use ATM’s, use very limited eftpos outlets, and make no online purchases.
With the banks trying to push us into being a cashless society, it is imperative that they get their own houses into order first.
This is something they are not very good at if they were so easily outsmarted by off-shore criminals attaching skimming devices to ATMS throughout New Zealand, and that’s the low level stuff, not the online predators wrecking customers’ finances and peace of mind.
The rich banks can easily afford to write off scams as losses, but most persons cannot.
but when the bank pays we all pay because it gets added on to fees
If they cared about the customers who keep their businesses rolling over, then one would expect them to diligently apply themselves to stopping the rorts which we poor suckers end up paying for, not them.