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> There isn't a platform any large number of people use that is exempt from this.
Okay, but with the other platforms that I can think off[1], my computer and phone still continue working. I can effectively work without those platforms and do not need to purchase a new computer or phone.
[1] Maybe I'm thinking of the wrong ones (Twitter, FB, AMZ, etc). Which platforms were you referring to?
how do you feel about getting locked out of all your money for a false-positive fraud detection?
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> how do you feel about getting locked out of all your money for a false-positive fraud detection?
I don't feel bad about it - it happened once or twice in the last 30 years and it was relatively trivial to fix[1]. I also don't mind that they freeze spending if they think my account was hijacked in any way.
[1] Go into a branch with my ID, look at the transactions they think is fraud, declare that they are not, and get my account unfrozen. The whole process took about 60m, from leaving my front door to withdrawing money again.
Right now sometimes after the problem occurs you can provide those, but it's tough because they don't have those sitting around for every account.
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Also fraud in this case is often being considered a bad actor yourself, most people haven't dealt with that from a bank.
That's like the bank thinking the transactions you would admit to having made being fraudulent, so identifying you isn't really enough.