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.
Irish government expands bank guarantee to 5 foreign banks
In a move which could actually see Ireland sidelined from major involvement in the EU over the next few years it has been announced the government has extended the 100% guarantee on bank deposits to 5 more banks, all foreign owned. This has caused fury in the EU where ministers have been scratching their heads as to why the likes of Ireland and Germany seem to be going it alone.
Cash machines 'give out £18m an hour'
Every hour cash machines in Britain give out £18 million, equating to £3 million every ten minutes, new figures have revealed. Statistics released by the British Bankers' Association (BBA) also found that banks, in addition to providing cash to Britons, have a wider role in promoting economic stability. Banks approve more than £4 billion in mortgages every ten minutes, a period in which they al...Read More
Is the building society sector as safe as you think?
The ongoing problems at the Dunfermline building society together with a number of smaller societies which were taken "in house" by larger institutions have added to an intriguing debate about the safety and the future of the building society sector. A number of experts are suggesting that banking operations such as supermarkets, ethical banks, Islamic banks and National Savings and Investments co...Read More
Sir Fred Goodwin comes to the rescue of the regulators
When the going gets tough it seems that another attack on Sir Fred Goodwin fits the bill of diverting attention away from the UK economy and the UK regulators. Yet again, we have seen unconfirmed reports that Sir Fred Goodwin "employed" somebody at the Royal Bank of Scotland head office to fill cash machines with banknotes which only he had signed. While this has grabbed much attention in the medi...Read More
Calls for investigation into Scottish banking sector
A number of MSP's have today stepped forward to demand an investigation by the Office of Fair Trading (OFT) into the Scottish banking arena and an apparent lack of competition. The move has been championed by a number of business associations up and down the UK and when you bear in mind the near collapse of Royal Bank of Scotland and HBOS (part of the Lloyds bank group) it is perhaps easy to see w...Read More