this post was submitted on 04 Apr 2024
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    [–] iso@lemmy.dbzer0.com -2 points 7 months ago

    I think I just figured it out, hang on with me.

    It'd be the tech literate person in the family. The nephew that's working as a programmer or something like that. Now, if that nephew has some interest in stealing their uncles money, they now have access to their bank account through a freely rooted phone.

    This gives them a lot of options, which I don't have to explain.

    Given that a lot of scams actually happen between presumed family and friends...

    Yeah I kinda get why banks are doing this