How come banks have a hard time catching people who commit identity theft or fraud to other peoples accounts?

2 Responses to “How come banks have a hard time catching people who commit identity theft or fraud to other peoples accounts?”

1. Katie W says:

   October 28, 2009 at 10:26 pm

   I had a similar circumstance, I still don’t know how they got my information: the bank asked when I’d lost my card, and I said, I didn’t, I’m holding it right now. The thieves used a card at an ATM in an area I hadn’t been to in months — so even a magnetic strip matched. They were clever and picked a gas station and ATM without video cameras, so there was no record of what they looked like. Last I heard, there were no leads, but the bank credited back my money.

   If they got caught later, the bank never said (though I really wouldn’t have expected them to call me up later to follow up unless there were something I knew that might help).
2. sasil85 says:

   November 1, 2009 at 2:46 am

   Banks don’t do the research man. The cops do. You report it. The bank reports to the FTC, FDIC, police, etc. They all take it from there.