Two-thirds of adults in the UK believe that online banking has an increased threat.

 

An XIRING survey has found that 62 per cent of UK adults who bank online believe the security threat has increased since they signed up to the service.

 

When asked what would make them feel most confident of improved security, 21 per cent said that being asked an extra security question would be the best option.

 

Fifty four per cent of people admitted that they were aware of the scare stories about e-banking at the time of signing up for the service, but were convinced that their bank would fully secure their online banking facility.

 

According to recent figures from APACS, online banking fraud rose 185 per cent during the six months to June 2008, compared to the same period last year. This was largely attributed to criminals targeting online banking customers through phishing and spyware scams.

 

Whilst people believe security has become more of a problem, with nearly a third having either been victims of online fraud themselves or through a family member, only ten per cent say that this experience has affected their online banking habits.

 

In order to enhance their security, 32 per cent would feel most confident using a smart card reader to add an extra layer of security to their online banking, compared to only five per cent wanting to use their mobile phone.

 

Laurent Maitre, marketing director at XIRING, said: “It is heartening to know that UK e-banking users are aware of the security risks involved with banking online. However, it is worrying that a good proportion of users think that by answering an extra personal question, it will improve their security and protect them against phishing attacks.

 

“With attacks clearly on the rise, it is essential that all online banking users look to add an extra layer of security to their online transactions through a dynamic password solution.”