I don't understand how banks can claim to have federal FDIC-insured protection of $250,000 per depositor if they don't actually reimburse you when a simple wire transfer fraud happens??

I didn't see where the banks are at fault in the above article. It appeared that the woman received a fraudulent email on where to wire the money. This fraudulent email did not come from the banks. So, how could they be liable if she provided them bad information? GIGO. I'm not saying banks care, just this article doesn't highlight that very well.