Hacker News new | comments | show | ask | jobs | submit login

Same thing you tell them if someone accessed their computer and transferred money out of their bank account. "Secure your [stuff]."

That's actually not what a bank typically tells you in that situation, so you've sort of proved the point.

Banks are happy to tell people that "chip and pin" credit cards are secure, and thus any transactions on them cannot be fraudulent.

In England there's a voluntary code to protect consumers; that code says that the burden is on the bank to prove that transactions are not fraud. Banks were using chip and pin as "proof" that the transactions were fraud.


This is all a tangent to the security of Bitcoin. Bitcoin is horrifically insecure, and there are no trustworthy banks for Bitcoin.

The bank would try to work with you to investigate and possibly reverse the transaction and refer your case to law enforcement. (Wire transfers cannot be reversed, but EFT payments often can.) A bank would most certainly not say, "secure your stuff" and leave it at that.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | DMCA | Apply to YC | Contact