Brits ‘not bothered’ by internet fraud

Internet banking fraud is not a major concern of more than half the British population, according to a new survey.

This is despite the fact that more than 90 per cent acknowledge that it is not a victimless crime, the Lloyds TSB study found.

Researchers found that there was something of a resigned attitude towards internet banking fraud among internet current account and savings account holders.

More than a quarter of respondents said that they were not unduly worried because “these things happen”.

A further 50 per cent said they were not worried about becoming a victim because their banks will reimburse them.

Ian Larkin of Lloyds TSB commented: “Internet fraud is an issue no one can afford to ignore and it is by no means a victimless crime.

“Its impact stretches far beyond the customer whose money is taken and the bank it is taken from, with the proceeds often used to fund other more serious crime around the world.”

The findings are in stark contrast to those obtained during a similar Financial Services Authority survey.

More than half of internet banking users questioned last year said that they were “extremely” or “very” concerned about potential fraud risk.

© Adfero Ltd

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