You could be held liable for cases of bank fraud if your online security isn’t up to scratch

If you need another reason to pay attention to online security, new measures under consideration by banks could sharpen your focus. At the moment, banks in the UK frequently shoulder the cost of online fraud when customers fall victim. But all this could be set to change. The plans being looked at by banks, GCHQ and the UK government could see people who haven’t taken care of their own online security being excluded from receiving compensation if their account is hacked. The Financial Times reports that the plans could see people with poor security in place find themselves "frozen out… [Continue Reading]