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Heather du Plessis-Allan: Banks need to step up their online security

I don’t think that banks should have to refund people who've lost money in scams.

But come on... they really need to step it up on the security stuff.

The banks announced today that they are going to take a look at doing something pretty basic.

Which is to make sure that when you think you are sending money to someone and you type … a... I don’t know…let’s say the Labour Party into the payee field.

That the account it’s going into is actually an account held by the labour party, not by... I don’t know... a Nigerian prince.

Come on.

They don’t need waste time investigating whether they need to…

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