Credit Fraud Worries For Internet Users

Posted by Tom Wilkins on Tue 21st August 2007 at 06:00 AM, Filed in Credit NewsUK Credit Cards

An interesting piece of research published by Lloyds TSB reveals that 26% of UK Internet users took a “these things happen” attitude to online fraud.

The study also looked at some fascinating demographic differences:

• Just 15 per cent of people aged 18-25 said they felt ‘very well informed’ about appropriate ways to avoid becoming a victim of online banking fraud. This compares to 22 per cent of 35-50 year olds and 29 per cent of those over 65.

• Gender was another major discriminator - 26 per cent of men claimed to be well informed, whereas just 14 per cent of women expressed confidence.

• Some 39 per cent were blithe because they knew their bank would reimburse them.

Ian Larkin, managing director of consumer banking at Lloyds TSB, said:


“Anyone using online banking needs to make sure they choose strong passwords, regularly update the security of their PCs and keep their details secret at all times.”

Quite frankly most people I know are very concerned and aware of online fraud risk - but what can you do about it when confronted with ever more sophisticated scams. In my view it’s not a case of laissez faire attitude, but awareness of the cutting edge scams that appear on the Internet every day.

(Via Fool.co.uk)

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