What is a major security flaw that has led to many of the instances in which theft and fraud has occurred against bank account holders?

Question: What is a major security flaw that has led to many of the instances in which theft and fraud has occurred against bank account holders? 

One major security flaw that has led to many instances of theft and fraud against bank account holders is the lack of strong authentication and identity verification measures. Many banks still rely on passwords and other outdated forms of authentication that can easily be compromised. Additionally, banks often lack mechanisms to adequately verify a person's identity, leading to instances of identity theft, fraud, and unauthorized access to accounts.

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