I think the phone companies are complicit in #1. They sell a lot of phone minutes to companiess using foreign call centres that want to seamlessly spoof local calls so they choose not to change. There's no reason, for example, for call coming from a foreign country to - when received in my countries routing centres - get a local phone number in caller ID.
That should be illegal. Foreign calls, if they're really running against PSTN tech limitations (which I doubt as I thought offshore calls were all routed via internet) then they could easily create hardware to blank out offshore calls caller ID info (and preferably replace with just the international dialling code).
But then your bank would have to admit where their call centres are, and they pay more to phone companies than individual customers do.
Which comes to why there's no legislation (in UK) demanding action from local phone companies; presumably because they pay the politicians more than we do too.
I don't think the previous commenter is saying that banks don't want verification; they're saying that banks (among other large companies that outsource their customer service) benefit from caller ID spoofing to conceal the true geographic origin of the call. I think the underlying issue is that current telecom carriers permit spoofing to entire swaths of number blocks without much verification.
That should be illegal. Foreign calls, if they're really running against PSTN tech limitations (which I doubt as I thought offshore calls were all routed via internet) then they could easily create hardware to blank out offshore calls caller ID info (and preferably replace with just the international dialling code).
But then your bank would have to admit where their call centres are, and they pay more to phone companies than individual customers do.
Which comes to why there's no legislation (in UK) demanding action from local phone companies; presumably because they pay the politicians more than we do too.