It’s good that banks are trying to fight identity theft and other online fraud, but:

Internet advocacy group InternetNZ and the NZ Consumers’ Institute have both come out swinging over the New Zealand Bankers Association’s (NZBA) decision to allow victims of Internet banking fraud to be potentially held liable for losses.

— New Zealand: Consumer Advocates to Fight Banking Online Fraud Liability Code, Paul Ferguson, Fergie’s Tech Blog, Tuesday, July 24, 2007, quoting Brett Winterford on ZDNet Australia.

Hm, maybe passing the buck isn’t the best way for banks to do this.

-jsq