Online accounts safe despite records loss, UK banks say

Though a government agency lost 25 million child benefit records, many with banking details, banks in the UK are insisting online accounts are secure.

All the banks contacted by Computerworld UK said that their current security arrangements were adequate. Some rely solely on password protection for online banking access, while others have introduced two-factor authentication to secure customers when accessing their accounts online or performing certain transactions.

Last week’s breach was particularly significant because bank account data is highly prized by criminals, according to Gartner analyst Avivah Litan.

Litan said that on the black market bank account data sells for the highest price — between

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