22 September 2006
Many consumers are unaware of the basic security measures which should be adopted when banking online.
This was the verdict of the UK payments association Apacs, which has conducted research into the best practice when banking online.
Apacs research has shown that of the 15.7 million people who use the internet to conduct their banking, 3.8% would respond to an unsolicited email asking for their banking details.
On top of this, only 46.3% regularly update their anti-virus software with just one in ten installing anti-spam software.
Sandra Quinn, director of corporate communications, said: "The internet has totally changed the way we shop and bank and it's very safe provided you remember two simple rules: use a secure PC and be wary of unsolicited emails.
"This new research shows that some people aren't doing all they should to protect themselves which, hand in hand with a large increase in phishing email attacks at the start of the year, leads us to expect an increase in online banking fraud losses in the first half of 2006."
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