Am I at risk from identity theft?
Over the last few years the threat of ID theft in the UK and around the world has increased dramatically with more and more people now on the radar of the fraudsters and scammers. However, the vast majority of people who may be at risk from identity theft are still unaware of problems which may await them in the future. So are you at risk of identity theft?
There is no doubt that the introduction of the Internet to many homes and businesses around the world has increased the potential market for identity theft. Each of us is just a click away from a potentially fraudulent e-mail or fraudulent contact via a website. We all need to be aware of the risks, retain control of our confidential information and ensure that we do not give information to unknown third parties.
Many of the scams appearing at the moment are financial offers and financial advice which are literally too good to be true. If you have not requested any financial advice or neither inquired about a financial product then why would you entertain anybody who cold calls you? There is no doubt that the fraudsters have taken advantage of the economic situation to maximise their potential victim base.
Does Loyalty Pay In The World Of Finance?
In many areas of life we are taught the value of loyalty, none more so than the world of finance with the majority of UK savers and borrowers remaining with the same bank for much of their working lives. While this trend has changed a little with the onset of the internet, there is still a great resistance to change for many people, but are you rewarded for that loyalty? Do you still receive the...Read More
Banks 'not the bad guys'
Despite the fact that many people seem unhappy with their bank, complaining of extra fees and high charges on borrowing, the banks are really the good guys, the British Bankers Association (BBA) insists.Not only does the financial sector put enough money into the economy to build the equivalent of 36 new hospitals each year through corporation tax, but the top five corporate contributors to charit...Read More
Will the Chelsea building society fall to a rival?
As the ongoing fallout from the £41 million alleged mortgage fraud which was discovered by the company's auditors continues, there is a feeling that the Chelsea building society's days of independence could be numbered. A new management board has been parachuted in to assess the situation and while in public they are talking about a reorganisation of the business and a return to grassroots, many...Read More
Barclays chief executive apologises to couple
Barclays bank chief executive John Varley has today apologised personally to two Barclays bank customers who have been proven to have received inappropriate investment advice. John Day, 76, and his wife Maureen were advised by a Barclays bank representative to place more than three quarters of their investment capital into a "single risky investment fund". The couple lost tens of thousands of pou...Read More
Irish authorities act to quell fears over banking sector
The Irish authorities have tonight announced a plan which they believe will allow the Irish banking sector to rebase and regroup for the future. This comes after a dramatic time for the Irish banking sector which has seen a number of banks bailed out by the government and a number of controversies hit the headlines. So what is the government offering? While many people believed that the Irish g...Read More