You are not wrong at all. There is a certain level of fraud tolerated by banks so that they can more easily make loans to people. It's the classic security vs. convenience trade-off.
Two big problems are:
1. If you happen to be one of the victims of the fraud, it hurts!
Sometimes a lot! A lot more than it hurts the bank.
2. If you don't like the level of (in)security that the banks have chosen, what other options do you have? Right now I don't know, I think maybe Bitcoin is your best bet?
Even if I pretend for a minute to seriously believe Bitcoin is less susceptible to fraud, using a different financial product doesn't help since the entire fraud takes place without your participation in many cases. They can just as well open credit lines with banks you don't use as ones you do.
I don't see how bitcoin changes much, other than you have to convince CoinBase that it wasn't your identity. Bitcoin specifically tries to avoid being tied to identity.
Two big problems are:
1. If you happen to be one of the victims of the fraud, it hurts! Sometimes a lot! A lot more than it hurts the bank.
2. If you don't like the level of (in)security that the banks have chosen, what other options do you have? Right now I don't know, I think maybe Bitcoin is your best bet?