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30% cannot spot phishing emails

Online banking customers are not prepared for the kind of online threats that are likely to emerge in what is being described by Money.co.uk as the first recession of the internet age.

Research commissioned by the organisation has found that more than nine million people (31 per cent) do not know how to spot phishing emails from fraudsters that can lead to ID theft.

Some 38 per cent are concerned about the safety of their money than they were before the recession, according to the study, which also showed 26 per cent would open messages appearing to come from their bank.

"It is a surprise to find that so many people are still unaware that fraudsters use fake emails to trick people into giving away their online banking security details," said Chris Morling of money.co.uk.

"The reality is that, whilst banks do email their customers from time to time, they rarely ask for a response, and never ask customers to reveal personal information or security details."

Database security company Guardium recently published a report showing that 40 per cent of consumers in the UK were not sure their banks could protect their personal data.

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