I don't know directly, but I've heard that there are special laws regarding fraud via fax. Even though fax has no technical protection, it may have legal ones, that might give the counterparty some recourse if things went bad.
In Germany, a fax is legally considered an original copy, a scan/print is not, despite a fax often being a scan that’s then transmitted via fax protocols. Law hasn’t caught up with technology yet in that area.
You also get a confirmation from the recipient when using fax.
Sounds like their document management system was tied to a fax line and they didn't want to bother upgrading. IT departments at banks have like, zero budget.
I read on NH yesterday (or perhaps the day before) that in the USA HIPAA (Health Insurance Portability & Accountability Act 1996) carves our a special exemption to consider faxes ‘secure’.
recursive|5 years ago
Xylakant|5 years ago
You also get a confirmation from the recipient when using fax.
wayoutthere|5 years ago
qubex|5 years ago
loeg|5 years ago
dd36|5 years ago
somehnguy|5 years ago
yourapostasy|5 years ago