This is the second time in recent memory where a bank has put the burden of proof on the victim.
From CBS MoneyWatch:
It’s every technophobe’s nightmare, but this time its true. Some $50,000 was stolen from Fan Bao’s online bank account by Croatian computer hackers and the bank told him that the loss is not their problem.
Could it happen to you? Here’s the back story to help fill in who is at risk.
Seven years ago, Fan Bao opened a checking account at Bank of America to facilitate his small import-export business called ZICO USA.
Scary story. For the full article read on.