I look at all that is happening in terms of IT fraud, a lot of the victims are our elderly, I'm I the only one that thinks that there should be something set up so that they are protected, either a community outreach program to help them or some sort of limitations on what type of transfers can be done (that could apply to everyone, not just the senior citizen)? Even better, shouldn't financial institutions be obligated to display their caller information? That way if they call to report suspicious activity, We might be more enclined to answer the call?
I deal with CIBC and I get 888 or 866 or 877 numbers that most of the times cannot be traced, if I cannot verify the caller, how am I supposed to trust the message telling me they detected suspicious activity?
It's a lot to think about, but with all the crank calls and the ease of getting phone numbers not everythig rests on the consumer's shoulders, we have a duty to do our due dilligence but they have their duty to make sure we can identify them