Risk: Informational
Lloyds TSB has recently published results of a survey it recently conducted, which reveals that many people using Internet banking aren't bothered about fraud.
39% of those using Internet banking aren't bothered about online fraud, as their bank will reimburse them in the event that they are a victim of fraud. A further 48% of those surveyed said that the convenience of banking online outweighs the risk of fraud.
Lloyds' Consumer Banking MD, Ian Larkin, says: "Some customers do believe fraud just happens, but sitting back and doing nothing is the surest way to turn this into a self-fulfilling prophecy."
Interestingly, the younger generation appears to be the least educated about online fraud, with only 15% of 18 to 25s saying that they feel 'very well informed' about how to avoid becoming a victim of online fraud.