New payment checks introduced at online checkouts are proving invaluable as Nationwide Building Society reports it is protecting its members from an additional 2,000 cases of online card fraud a month.
Despite the fact that some transactions now take a little longer, new research from the UK’s biggest building society reveals more than two thirds (68%) of people are happy for a slight delay if it provides additional financial security.
Nearly all online card fraud takes place using compromised data, such as that obtained by data leaks, rather than fraudsters stealing the physical card and using this to shop online.
