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Checked Out and Insecure by tarazkp

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· @tarazkp · (edited)
$32.10
Checked Out and Insecure
<div class="text-justify">


We have officially checked out, though with our flight leaving in the evening, we will spend most of the day by the pool. However, the "security" room (against the wall near the reception) for our bags doesn't fill me with confidence. As people who have been robbed of bags twice on holiday, once from a hotel security room, I give it a 50/50 chance of them being there when we leave.



![1000038270.jpg](https://files.peakd.com/file/peakd-hive/tarazkp/23xyT4NzD1U7gK6CcEAC6LVFe2R8v5CGxAxKfMZNwNs58XVQn5ZpsULb87mcxy3acxezt.jpg)

Overall, it has felt safe here and while we started off using cash only, we have loosened up a bit and have moved to bank card instead. Because of the security measures on baking in Finland, the chances of mass damage are slim, larger purchases require a pin and online purchases have to be approved through a authenticator app tied to the bank, but separate from the bank app.

I was reading again how a person in Australia lost over 100K because he was replying to bank SMSs ad transferring funds over the phone with an "agent" and, the banks are taking no responsibility for it. It just shouldn't be possible in this day and age and there should be some duty of care policy enforced on the banks, since they are the custodians of the money.

When we (ex and I) were robbed in Australia, it was from my father's house and in order to keep the insurance, security had to be upgraded *even further.* How come the banks aren't held to the same standard? 

When asked if they would volunteer to reimburse victims of scams through their banks, the flat answer was, *no.* Which I get, since if they do, the scam will be to engineer scams. But at the same time, they should be held accountable in some way, and the bare minimum should be through their digital infrastructure. 

Why anyone or any business would be using SMS for official communication is beyond me, though it could be used for alerts that send someone to the application, or where the SMS is sent through the application and has to be verified through the authenticator app. There are several ways, but it isn't 1999, text messages aren't the way for national ad global banks to communicate with customers.

I have been more security conscious since getting robbed and even more so, since participating in crypto. If there is a potential payoff abs reward outweighs risk, or desperation or culture reduces the barrier to commit a crime, someone will try. It is very much a supply and demand market, and there is an endless supply of willing criminals, devising new and innovative ways to capture value.

Digital crime has made it even easier in many respects, and harder in others. It want that long ago that mobile phone theft was common, but now that is largely useless. I some places, people were getting murdered for a pair of new sneakers, *which probably still happens.*

Other than bank robberies, physical theft was largely petty, with relatively low value, because people don't carry that much on them, or store it in their house. But, gaining access to digital assets like a bank account and there is the majority of the liquid wealth and many ways to quickly move it to out of reach places.

>Like into crypto.

It isn't crypto's problem it is more secure than a bank, it is a illustration of how poor the banking system is in may cases. The banks should be looking to crypto to improve their performance, but doing so opens them up to the other aspects of crypto, like transparency, which they obviously want to avoid.

However, I do think there will be mounting pressure on financial services to not only become more secure, but be "probably fair" as things like the PwC tax breach will put mounting pressure on the governments to act. But, they will act slowly and a lot will be swept under the rug ad kicked down the road before *public pressure* is significant enough to drive real change.

At the end of the day, it is the consumer who pays the largest price, no matter what it is. A government screws up, taxes cover the cost. Theft happens, insurance buyers pay more. Debt is raised, the end user pays,one way or another.

While the consumer bears the brunt of the cost, it also means that in the right market system, they also have the mass of the power. We aren't in that system now, we are in one where the supplier has all the power, not the buyer. The consumer is almost powerless at the moment, like kept cows eating only to be milked and then ground into mince.

The problem might be these days that because if technology, the biggest thefts aren't happening to corporations, they are happening to consumers. In the past, when a bank was robbed, it was the bank insurance that covered it, now, they can wash their hands as if they have nothing to do with it. This means that we as consumers end up being the direct target, rather than the custodian, even though we might be powerless to stop the heist. This makes stealing from each other more lucrative, with a reduced risk of being caught and convicted. 

At least in the lobby of the hotel, there is a camera watching who comes in and out. But if we are robbed again, who is going to suffer? 

The guest. The end user. The consumer.

Taraz
[ Gen1: Hive ]

</div>


Posted Using [LeoFinance Alpha](https://leofinance.io/@tarazkp/checked-out-and-insecure)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 434 others
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vote details (498)
@asif7 ·
$0.20
Theft has been a serious issue for all general folks, but digital assets are more prone to be robbed off and in such world of cyber-insecurities, nothing is predicted. 

But, all that we the consumers can do is to raise our level of consciousness, taking as much as security measures in place, use of authenticators or whatever to shield them. 

Because, nobody solid enough to back them up.  Thanks for bringing the important message up.👍
👍  ,
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@tarazkp ·
The challenge with being aware ourselves at the moment, is that we have been trained to be cows and put our trust increasingly in others - at our own expense. 
👍  
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@bozz ·
$0.19
I hate those security rooms.  They are such a joke.  I had to do that once and it was just this big banquet room with zero locks on the door.  Anyone could have walked in there.  Things like that stress me out totally!  My wife and I are flying for the first time in a while this fall.  I won a TILE from a conference I was at and I am definitely going to be using it on that trip with my luggage.
👍  
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@tarazkp ·
Let me know how that goes. I have never tried any of those kinds of things, but if travelling more, I think I will invest in a few. 
👍  
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@bozz ·
$0.28
I know that @ericvancewalton just had a near catastrophic situation on one of his recent trips.  It was his use of an Apple AirTag that saved the day.
👍  
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@chinay04 ·
really bro, you should check all your things.
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@tarazkp ·
bro.
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@coinjoe ·
$0.25
I do hope you have a safe and *secure* trip home. I understand what you are saying about business, especially banks being accountable for security. I am increasingly aggravated when I hear about another security breach. That said, I think business is really challenged right now for online security vs. ease of use due to the existing generational and educational gap. We still have people like us, or at least me, who were not raised with computers in the classroom or the home. Yes, I learned, but that was due to my occupational requirements put me on that path. Could it be that these security breaches and challenges become less as this gap lessens in the future?
👍  , ,
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vote details (3)
@tarazkp ·
It went okay - we have all our things - *I think* :)

The age gap is perhaps also country dependent. For example, in Finland people in their eighties have been online banking since their 60s - or earlier. I was surprised to have to online bank when I arrived here twenty years ago.

>Could it be that these security breaches and challenges become less as this gap lessens in the future?

Yes - but I also see people in their 50s having issues in the news - they were in their twenties when the internet was a thing. Most of the world is "pretty" literate these days perhaps. 
👍  
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@coinjoe ·
Maybe I am not giving consumers enough credit. I just look to some of my older relatives and people I know here in their 70's and 80's. They really struggle with tech. Especially anything dealing with the Internet and the WWW. 
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@ducecrypto ·
This hits too close to home. My mother was recently scammed by text and over the phone when she received a call about fraud on her credit card from the number printed on the back of her credit card. Turned out they just spoofed the number and the "agent" wasn't from the bank. But once the criminal earned my mother's trust by matching the phone number to the one of her card, she didn't think to question some of the questionable actions this person had her do to deal with the fraud on her account. Completely maddening as my 70 year old mom just isn't that sharp when it comes to modern technology and of course the bank says we would never ask you to do those things... Bullocks!
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@eminentsam48 · (edited)
$0.19
There is aotion on going in my country that say,**SECURITY IS EVERYONE'S RESPONSIBILITY**, some years back you'd receive a call saying it's the bank Asking you to provide some vital details to your account cause they want to correct and error in the system., I know how many folks fell for it,and they tried it on me,I almost gave in,before my subconscious told me, why don't you just go to the bank at once, that's when I knew it was a scam

I use to feel the same way especially when I have very important valuables in there it's normal, 

Im glad you've finally come to the end of your great vacation, now it's back to business as usual...
👍  
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vote details (1)
@tarazkp ·
Always assume it is a scam these days it seems. 
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@eminentsam48 · (edited)
Lol... it's good to Always be on alert....hope you arrived safely 
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@farm-mom ·
$0.19
Being robbed is such a cold chill.
We were robbed 2x in my old house, once when my kids were right down the hallway.
I have been a little paranoid since.
It really sucks, just like the banking system, the little guy always takes the hits.
👍  
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vote details (1)
@tarazkp ·
>We were robbed 2x in my old house, once when my kids were right down the hallway.

That is terrible. It is such a violation. 
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@intishar ·
$0.20
>it is the consumer who pays the largest price, no matter what it is.

That's right. If bank robbery happen or somehow money stolen from Bank they impose it to general people as subsidy. The amount of it distributed among everyone and that is the reason various kind of charges are increasing in bank little by little. I think very few people knows that why every year the service charge/tax increasing. 
👍  ,
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vote details (2)
@tarazkp ·
At the end of the day - all costs are pushed onto the consumer. That is the way their model operates and, they are protected to do so. 
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@jfang003 ·
$0.19
It's tough but I also don't trust leaving my luggage out there for everyone to touch. It's not their stuff so they won't really care that much about the luggage there and even if you check the cameras, the people might have ran off already. 

As for SMS, I kind of agree because there are so many SIM swap problems where people get their information compromised due to it.
👍  
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vote details (1)
@tarazkp ·
I don't understand how the SIM swap issue is so prevalent - how come it is is so easy to do?
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@jfang003 ·
It's because people are dumb and they give out their information to everyone without thinking.
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@mikezillo ·
$0.19
I agree with you. I rarely trust the security rooms, especially when all the people can get access to it. That's not security. It becomes a "Schopenhauer room" meaning that at the same time, until you do not take them out, there are the bags and there are not. 
👍  
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vote details (1)
@tarazkp ·
:D

I like that explanation!
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@muratkbesiroglu ·
$0.20
Companies arrange contracts in such a way that consumers are responsible for any problems that may arise. Fortunately, there is high competition among banks in Turkey; they are sensitive about security issues and apply multi-stage security procedures.
👍  ,
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vote details (2)
@tarazkp ·
>they are sensitive about security issues and apply multi-stage security procedures.

You'd think it was the norm everywhere, right?
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@muratkbesiroglu ·
Absolutely! I don't know much about banking practices in other countries, though. During one of my visits to the USA, my card was copied, and multiple transactions were made on the card. At that time, the chip&pin application on credit cards had not started in the USA. I have not had a similar problem in European countries.
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@rafzat ·
$0.20
We have so many scam activities like the one that happened in Australia in my country too. It is the work of scammers and someone still told me that something similar to this happened yesterday but he was so smart that he did not fall for the scam...
Make sure you have a safe trip
👍  ,
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vote details (2)
@tarazkp ·
How much of it do you think is cultural? In general, it seems that the people doing the scamming aren't based in Australia. 
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@riz611 ·
$0.20
Me and my friends experienced something similar last year, around this time. On our last day we checked out and kept all our luggage in a room at the hotel, it was a small some type of a small shack, where guests could keep their luggage and the staff would take care of the rest. So, we left about 10 to 12 bags and suitcases there.

Then we headed out in the morning, and came back about 8 hours later. Fortunately, everything was left untouched. However, it was one of the fanciest resorts in the country, a lot of staff and security, which gave us a bit of assurance. But if the resort wasn't as "fancy", and was instead a smaller establishment, then maybe things wouldn't have gone our way.

Yet, if anything were to go missing, I'm pretty sure the resort wouldn't compensate us in any way, no matter how big the resort or hotel is.
👍  ,
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vote details (2)
@tarazkp ·
$0.04
Yep - those rooms should be secure, and have tickets and cameras an d the like. When we were robbed (it was a pretty decent hotel in Amsterdam) they had video of staff letting a person off the street in and walking away with the case... We were failed both times by our travel insurance, but in that case, the hotel paid. 
👍  
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vote details (1)
@riz611 ·
> those rooms should be secure, and have tickets and cameras an d the like.

They can afford it, but I don't know why they don't go ahead and implement something like this. I've been to many fancy hotels in my country, but I doubt any of them offer a similar service. It's an easy way to get some appreciation from the guests too.

> but in that case, the hotel paid.

Oh, that's nice, and it's surely a first, because hotels compensating visitors and guests isn't a common thing over here.

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@sahidclement10 ·
$0.19
Great post @tarazkp.
Thanks for raising up such important issue that is happening globally, but has being neglected due to the fact that only the common masses get rob of hard earn income.

The usage of SMS in banking is commonly use in my country, and lots of people keeps falling for its scam. Its has a very bad side, when transaction funds get lost, without delivering to the suppose recipient.

Though, i have stopped using my bank for any transaction, due to its poor service. I choose to use a financial application(OPAY), which has a better security features.

And i think authentication applications are also good protective apps.
👍  
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vote details (1)
@tarazkp ·
>The usage of SMS in banking is commonly use in my country, and lots of people keeps falling for its scam.

In Australia they have *legal* number spoofing, so it means that the SMSs are appearing in the same chain as the formal ones. It is stupid. 
👍  
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vote details (1)
@typebox ·
I hope you were able to get your bags and belongings in one piece? I'm sure you did .

I feel this  sheds more light on the vulnerabilities and imbalances within the current financial system. There really should be abrupt need for greater accountability, security, and empowerment of consumers or else we'll always be at the receiving detrimental end .
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