Typing a four-digit code into a hole in the wall or at the supermarket could be a thing of the past by 2020 in Britain, new research has indicated.
According to The National Crime Agency, £20m has been stolen from UK bank accounts thanks to malware, stealing their online banking details.
Mastercard has announced that it is bringing a thumbprint-reading card to the UK, which it hopes will improve card security and do away with PINs.
In what looks like a scene from a movie, the BBC has published a video showing a cash machine handing out piles of cash after being hacked.
In a survey of more than 2,000 UK consumers, they found that 19% of Brits have not changed their PIN number in more than 15 years, while the average marriage that ends in divorce lasts 11.5 years.
Consumer champion Which? has done a study into the security of online banking to see which bank’s website is the safest.
34% of Britons carry a reminder of their PIN number on them at all times, either in their wallet, pocket, bag or on their phone.
Despite perceptions, card fraud has fallen for the second year in a row, according to data released by the Crime Survey for England and Wales.
According to the UK Payment Council, a forthcoming storyline in Coronation Street, featuring long-haired lothario Lewis Archer and Gail Platt, could easily be avoided if Gail was to employ some simple online banking security measures.
Nearly 27% of us use one of the top 20 PINs to get cash from an ATM, according to recent analysis, giving anyone who gets hold of your card a good chance they can guess the PIN.