The Co-op Bank, Lloyds and TSB have been told to 'urgently address potential loopholes' in their online security arrangements, reports Which?
TSB, the Co-operative Bank and Lloyds have been told they need to “urgently address potential loopholes” in their online security arrangements which could leave people vulnerable to scammers, according to new research.
Which? said the bank’s handling of sensitive data meant that it could be read by other apps running on the phone. The consumer group raised concerns that the app stores users’ credentials in a way which may make it more likely that other apps could access them. Concerns were also raised about TSB’s password requirements, saying users may choose insecure passwords which could be easier for scammers to crack.
The Co-operative Bank commented: “The security of our customers’ accounts is always our top priority. Customers can be assured we have robust security measures in place to protect them and their money. “We employ world-class experts in the cyber-security field and continually invest to deliver the right balance of online security measures, customer experience and accessibility.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
£1million Taylor Swift warning issued by Lloyds Bank600 people have already come forward with the average lost £332
Read more »
Lloyds Bank's £332 warning to all customersThe UK banking giant said people are losing out on hundreds of pounds each
Read more »
Lloyds Bank warns of holiday scams including fake ticketsLloyds Bank warns people to be cautious of holiday scams, particularly fake tickets for flights. Scammers are using booking websites and social media to deceive unsuspecting victims. Other scams involve fake holiday rentals. Lloyds advises to think carefully before making online purchases and to book through trusted retailers.
Read more »
Over 100 NatWest, Lloyds, Halifax bank closures announcedOne high street branch is set to close every day this year - use our postcode checker to see if any near you are going
Read more »
Barclays, Halifax, Lloyds are shutting 48 high street bank branches this monthThe next wave of high street bank closures is coming this month, with Barclays, Halifax and Lloyds set to close 48 branches in April alone. This includes one in Greater Manchester, but even more are set to follow later this year.
Read more »
Lloyds, HSBC, Barclays and Santander customers who bank online issued warningThere are thousands of websites out there imitating high street banks
Read more »