IT Security

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Barclays has announced it will be giving customers far more control over how their debit card can be used in a bid to help them avoid being on the receiving end of a cyber-crime.

Customers in control

Customers are being offered the chance to enable/disable certain features that a debit card can carry out such as making remote purchases and being able to cap maximum spending amount using the Barclays Mobile Banking app.

The £10 million campaign will also aim to increase general awareness to the risks of banking in this digital age all across the UK – including London.

London is the biggest target

The latest crime figures show 5.6 million fraud and cyber offences in the UK make up half of all recorded crime. These figures may in fact be even higher as Barclays carried out research of their own that found 25% of people in the UK were on the receiving end of some sort of cyber-crime in the past few years.

The Digital Safety Index survey showed that London was targeted the most in regards to fraud, with highly educated men in their mid 20’s and 30’s nearly twice as likely to be victims of online fraud. This is surprising since many people believe that it is the older generation that are being scammed the most.

Invisible crime

Chief executive, Ashok Vaswani, believes that this initiative was desperately needed to address these alarming figures when he says “fraud is often wrongly described as an invisible crime, but the effects are no less damaging to people’s lives. As a society our confidence in using digital technology to shop, pay our bills and connect with others has grown faster than our knowledge of how to do so safely. This has created a ‘digital safety gap’ which is being exploited by criminals. I believe the need to fight fraud has now become a national resilience issue, and we all need to boost our digital safety levels in order to close the gap”.

As part of this campaign, Barclays will also host masterclass sessions with employees who work for an SME to teach them the basic’s on preventing cyber-crime and how to deal with it if you are targeted.

As usual, be vigilant when asked to provide any sort of login credentials or personal information and always ensure anything you are sent is something you are expecting to see.

Further Reading

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