Thursday, August 27, 2009

Survey Says! 8 Million Brits Share PIN Numbers




Eight million Brits share PIN numbers - survey

Finextra: Over eight million Brits have handed over their Chip and PIN details to someone else in the last year, with a quarter of these falling victim to fraud, according to a survey for insurance firm LV=.

An online poll of 3002 people shows 20% have given out their card and PIN number - 85% of these in the past year - to someone else to make a purchase on their behalf or get money from a cash machine.

By far the worst offenders are younger people with over one in three of the under 35s admitting they have asked someone else to use one of their cards. The most common location for 'borrowed' cards to be used is at a cash machine.

Continue Reading at Finextra



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