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.
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.