The results of an online survey by YouGov, sponsored by credit reference agency Equifax have shown that 55% of British people think that 3 or fewer verification steps are needed to keep their bank accounts safe from criminals.
Cyber Crime and Bank Fraud Levels Still High
Office of National Statistics (OFT) figures show that in a 12-month period from 2015 to 2016 2.47 million bank and credit account frauds took place in the UK. These were part of a 5.8 million cyber-crime explosion, where 1 in 10 people in England and Wales became victims of cyber-crime.
The results of this latest YouGov survey appear to show that things aren’t improving, as of the 2,000 people asked, 21% said they had previously had either their social media or email account hacked.