Online banking ‘less safe’

Well if banks don't have safes, where do they stash the cash?

Consumers are losing confidence in online banking believing them to be "less safe" than conventional banking.

The latest quarterly survey from ICM Research claims two thirds (69 per cent) of people think online banking is not as safe as traditional bricks and mortar banking.

That's a 22 per cent drop in confidence since the last survey was carried out in June.

Worryingly, 82 per cent of people said that the Government should intervene to ensure that businesses better protect their customers against Internet fraud.

Exactly what the Government is supposed to do is slightly baffling. Surely, it's up to the banks to ensure their businesses are safe - after all, they do earn gazillions by stashing our cash under their beds.

Last month, a number of people were charged with trying to defraud online bank Egg. ®

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