Few UK banks offer two factor authentication

According to new research from the consumers' association Which?, a number of major UK banks have failed to protect their customers online by not adopting two-factor security, which greatly protects against online banking fraud. The association tested the customer-side security of 11 banks, revealing that over half had failed to implement two-factor ID checks on customers when they logged into their accounts. Lloyds Banking Group, Lloyds, Halifax, Bank of Scotland, Santander and TSB were the banks which scored the lowest on the tests conducted by Which?. To make matters worse, this is the fourth year in a row that these… [Continue Reading]