Bank Of America Bombshell: Is Your Money Safe?
source: http://www.advicegoddess.com/archives/2008/07/28/investigating_b.html
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- Allsunday
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The latest entry from Amy Alkon's blog begins:
"I think I've uncovered a real bombshell about Bank of America and the reality of their "security."
For anyone new around here, here's the deal: In a single statement period, from May through June, Bank of America's tellers, on seven separate occasions, gave a total of $12,000 of my money to thieves -- thieves with a fake driver's license in my name, and with the wrong expiration date.
Shockingly, the level of security they employed seemed on par with that of an eight-year-old with a lemonade stand: B of A's tellers didn't verify that it was my signature. No PIN was required. Just the good old fake ID, and Bank of America's tellers handed over my money like lettuce. SEVEN times. Which, to me, suggests this failure to verify isn't teller negligence but procedure. POINT ONE."
And it only gets better from there. Amy strikes out on a little undercover investigation of B of A's security practices and turns up a bombshell that you can barely even believe.
"I think I've uncovered a real bombshell about Bank of America and the reality of their "security."
For anyone new around here, here's the deal: In a single statement period, from May through June, Bank of America's tellers, on seven separate occasions, gave a total of $12,000 of my money to thieves -- thieves with a fake driver's license in my name, and with the wrong expiration date.
Shockingly, the level of security they employed seemed on par with that of an eight-year-old with a lemonade stand: B of A's tellers didn't verify that it was my signature. No PIN was required. Just the good old fake ID, and Bank of America's tellers handed over my money like lettuce. SEVEN times. Which, to me, suggests this failure to verify isn't teller negligence but procedure. POINT ONE."
And it only gets better from there. Amy strikes out on a little undercover investigation of B of A's security practices and turns up a bombshell that you can barely even believe.
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1percent
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Trust no bank!
Ride on!
- 3 years ago
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1percent
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Allsunday
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Also, check out Octoguy's post on this very subject:
http://current.com/items/89145315_bank_of_america_lets_identity_thief_withdraw_4...
- 3 years ago
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Allsunday
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sgwhites
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Oh man. This is not good.
- 3 years ago
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sgwhites
