Tag: online banking
Which? exposes online banking safety issues
A new Which? investigation has uncovered worrying gaps in online banking security systems that could help criminals to scam customers. Which? conducted an investigation with independent security experts 6point6, scrutinising the online banking safety measures in place across the largest current account providers. The consumer watchdog's investigation found that some of the biggest banks, such…
Two in five to have digital-only bank account by 2025
Just over 2 in 5 (44%) UK adults will have a digital-only bank account in five years time, equivalent to 23.2 million Brits, according to new research from personal finance comparison website, finder.com. Currently, almost a quarter (23%), or 12 million, Brits have a digital-only bank account, according to, annual digital-only banking adoption report. This…
Tech-savvy millennials lose over £2,500 EACH on bank scams
Millennials are increasingly falling victim to scams involving handing money to fraudsters, according to Lloyds Bank. New data shows that victims aged 18 to 34 are losing £2,630 on average to the fraud, which typically involve scammers impersonating banking staff, the police or HM Revenues and Customs. People over 55 are still handing over the…
Mobile banking ‘to be more popular than high street by 2021’
Mobile banking is set to overtake high street bank branches by 2021 in terms of popularity, according to projections. Data experts Caci said growing numbers of people owning a smartphone is partly behind the increase. It said mobile banking’s growth is now being fuelled by the increasing adoption of the technology by older generations, in…
Mobile banking – safe as well as convenient?
Mobile technology is all about portability, of course. But more than that, it's about the convenience and accessibility that this portability brings.
Brits barely trust their personal data to anyone, survey suggests
British consumers, faced with so many stories of companies and organisations losing data, and with the ongoing threat of identity theft, really don’t have much faith left in the security of their personal information.
A recent survey by the GB Group found that even the most trusted organisations — banks and building societies — were only trusted by 52% of the respondents…
