Britain losing more money to online fraud

Between April and September this year, Britons lost nearly twice as much money to online fraud compared to the previous six months.

According to a report from VeriSign, the average amount victims lost rose from £352 to £697.

“All online businesses have a responsibility to protect their customers,” said Matthew Bruun, EMEA sales director for VeriSign authentication at global software company, Symantec.

“If companies aren’t encouraging trust through measures like strong authentication or EV [Extended Validation] SSL – which turns the URL bar green to indicate a secure site – they risk losing customers to web sites that are more proactive when it comes to security.”

The report also revealed that 80% of consumers would steer clear of websites without security credentials.

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Posted on Tuesday 23 November 2010 by

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