UK banks weigh up using revolutionary digitised cards to fight online fraud

The video discusses the growing threat of online fraud, highlighting a case where a victim lost over £500. It emphasizes the risks associated with Cyber Monday, the busiest online shopping day, and introduces a new bank card with a constantly changing security number to combat fraud. The video also presents alarming statistics on fraud and cybercrime, and offers practical advice to prevent falling victim to scams.

What was the main challenge faced by Lauren Jones after her account was compromised?

• She had to stop using online services.

• She had to rely on friends and family for financial support.

• She had to cancel all her cards.

• She had to move to a new bank.

What is the key feature of the new bank card innovation?

• It has a built-in GPS tracker.

• It changes its color every hour.

• It can only be used in physical stores.

• It has a constantly changing 3-digit security number.

Which region has already started using the new bank card with changing security numbers?

• Africa

• Australia

• Latin America

• Asia

How much was lost to fraud, including cybercrime, in the UK last year?

• £20 billion

• £15 billion

• £10.9 billion

• £5 billion

What is a common sign that an online offer might be fraudulent?

• The offer is available in multiple languages.

• The offer seems too good to be true.

• The offer requires a subscription.

• The offer is only available for a limited time.