Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Videos

One in five young people hacked on social media

One in five young people hacked on social media

Video shows how easy it is to get personal information out of unsuspecting 16 to 25 year olds 

It’s very easy to over-share on social media nowadays and it seems a fair number of us are being duped into doling out our card details, bank details and private addresses without a second thought.

New research, commissioned by Nationwide Building Society, has revealed that an overwhelming 83% of young people have encountered people over-sharing personal details on social media. Despite this, over a third of young Brits said they haven’t set their social media accounts to fully private, allowing people they don’t know to view their profile.

Fake messages being sent from a hacked friend’s account, transactions made outside of auction sites and scams that see the victim make a payment direct to the fraudster are getting the better of at least one in five (20%) 16 to 25-year-olds across the UK. Further, 43% of those who had been hacked, have no idea how their account was hacked in the first place and therefore, don’t know how to fend against it for the future.

Stuart Skinner, Director of Fraud at Nationwide Building Society: “Social media is a great way for people to connect with friends or family, but it’s important to think about the information you are sharing with others. Check privacy settings so that only vetted friends can see updates, don’t give away too much information or anything you wouldn’t want a fraudster to see, have a strong password that doesn’t use any of your personal information and stop and think before sharing.”

Worryingly over half (52%) have saved passwords to their phones, or even their browser (26%). 18% of people give their bank card and PIN to another person and 9% have taken a picture of their card and sent it to someone else via an online method such as WhatsApp, email or messenger services.

Watch our video showing how easy it is to get personal information out of unsuspecting 16 to 25 year olds here.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post