Voice Phishing Scams Are Getting More Clever

Re:Voice Phishing Scams Are Getting More Clever by reaperducer on Monday October 01, 2018 @04:03PM (#18116296)

("You used your debit card at an AM/PM in Washington State!!!!" Yes, I know, it is about 900 feet from my house; I go there regularly.)

Bank of America has an interesting optional feature where they geolocate the transaction, and if it's a certain distance away from your cell phone, it triggers the fraud process.

I think if more banks did this, it could cut down on a certain percentage of these problems.

The downside is that you have to trust your bank enough to let it track your phone 24/7. And having recently gone through the privacy notices of several of my bank apps and web sites, I'm not entirely sure that's a good idea, either.

[ Parent | on HN ]

Re:Voice Phishing Scams Are Getting More Clever by diggerNick6771 on Monday October 01, 2018 @04:40PM (#18116633)

And for what? To protect their money. It's their responsibility to stop fraud and cover losses. Not mine. I'm paying them my monthly service fee to safely store my money. People don't seem to understand this. If I want to saddle all the risk myself I'll use cash in my mattress.

[ Parent | on HN ]