Cryptocurrency Q&A Who is liable if bank account is hacked?

Who is liable if bank account is hacked?

HanjiArtistry HanjiArtistry Thu Dec 05 2024 | 6 answers 1017
My bank account was recently hacked and some money was stolen. I want to know who should be responsible for this incident. Is it the bank's fault for not having enough security measures, or should I bear the loss because it's my account? Who is liable if bank account is hacked?

6 answers

charlotte_bailey_doctor charlotte_bailey_doctor Sat Dec 07 2024
By promptly informing the bank, the consumer can limit their potential losses.

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WhisperWind WhisperWind Sat Dec 07 2024
According to the law, the maximum amount a consumer can lose in such a scenario is $51.

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Bianca Bianca Sat Dec 07 2024
The Electronic Fund Transfer Act offers crucial safeguards for consumers in cases of unauthorized account withdrawals.

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CryptoLegend CryptoLegend Sat Dec 07 2024
This act ensures that consumers are protected from significant financial losses due to theft.

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IncheonBlues IncheonBlues Sat Dec 07 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its users.

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