Have you ever wondered about your internet banking? Is It safe?

Ask your bank how safe it is to do business online and it may tell you it’s more secure than traditional banking. But cyber security experts would disagree.

“That’s a lie,” says Joseph Menn, who reports on cyber security for the Financial Times.

“The banks are stuck because they’ve been telling people it’s safe, and the fraud they’re on the hook for has gone up four-fold in six months,” Menn says.

“The banks have been kidding people about all this because they save money when people bank online.”

Should you be worried? If you’re bank is saving money, everything is okay, right? Don’t you save money when you don’t drive your car? Internet banking is better for the environment too, isn’t it? That makes it a win-win, doesn’t it?

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