In the news: Online fraud

Banks are not doing enough to protect us from online fraud, according to the latest investigation into banking security published by consumer group Which? Money
by Fred Heritage

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Which? Money’s yearly rating of online and mobile banking services finds that many need improvement in several key areas. From failing to invest in the latest website protections, to neglecting basic security measures like stronger passwords, banks are putting their customers at risk of fraud.

Together with 6point6, an independent cybersecurity firm, Which? looked at the front-end online security of 15 popular UK current account providers. The banks were rated on encryption and protection, login security, account management and navigation.

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Published: 14 Jan 2022
Categories:
  • Fintech
  • Risk
  • Operations
Tags:
  • cyber security
  • cybercrime
  • mobile banking
  • Fraud

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