Tom Cheesewright, Applied Futurist at cloud banking platform Mambu, believes security measures have greatly increased on digital banking platforms, but advised older people to be wary and to watch out for potential fraud.
He said: “While security is often a major concern for this age group, many have now seen first-hand the protection measures in place as they become more familiar with online services – giving them peace of mind that their money is safe.
“As with any digital offering, there’ll always be risk associated with unauthorised access or data theft. So, it’s important that users remain vigilant for banking scams and know how to spot fraudulent or unusual activity on their account.
“This is especially true for those who are new to the online banking world but, fortunately, digital education is improving and has only been accelerated by the events of the last 18 months.”
READ MORE: ‘You won’t be entitled to a share!’ Couples relying on partner’s pension given alert
