UK Treasury Select Committee says banks doing 'little work' to combat online fraud
Report express concern over disparity between growth in internet banking activity and banks' efforts to improve security
A report issued by a UK government committee states banks have done "little work" to improve online security and protect customers from online fraud. The UK Treasury Select Committee says that, when switching to internet banking, a customer is at a higher risk of fraud than when using regular banking.
The paper, however, does state reported internet fraud in 2009 decreased by 15% from 2008, during
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