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What safeguards do we have in place to insure this trust? Explain how each is designed...

What safeguards do we have in place to insure this trust? Explain how each is designed to make bank accounts risk - free and the potential consequences of these being compromised? Please explain between 5 - 6 sentences at minimum

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Answer #1

Generally we all use the bank account but is it safe ?why because in the technology era we are facing this problem .

Card or account fraud account for more than $624billion a year or in every $1000 Australians spend on their bank card . One of the most common ways a scammer will try to get access to your bank account is at the ATM

Check your account balance regularly

Stay vigilant about the transection of the bank account

Ultimately so trust your instincts.

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