25% of UK internet banking users share their data with others

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A quarter of UK internet banking users share their login information with others, The Paypers reported, citing research by thinkmoney.co.uk.

The study showed that 1 out of 4 (24.5%) Internet banking users provided their personal data (login and password) to log into the system to others, while 1 out of 5 (19.2%) users are ready to provide this information to their spouses, and only 1 out of 8 (16.2%) people shared their information to enter Internet banking with another member of their family.

In addition, the online banking username and password are not the only type of personal information that users share with others. Thus, 33.2% of credit card holders admitted that they shared their PIN-code with another person: with a spouse - 82.5%, with a friend - 3.36%.

The transfer of personal data also occurs when using other payment services such as PayPal and Amazon OneClick, where 24.4% of users allow other people to use their bank details.

The research also showed that Londoners most often share their personal information to log into payment services (30.6%), in contrast to Northern Ireland, where only 1 in 10 users are willing to share their data.

50.4% of respondents said they provided their banking details to their spouses to check their balances, 43.6% asked their boyfriends or girls to transfer money or withdraw money from an ATM, and 25.8% asked someone to check their transaction.

At the same time, 52.3% of users provided their PIN-code to others for making a money transfer or cash withdrawal, and 35.6% asked someone to check their balance.

As a reminder, a recent study suggests that consumers are cautious about social media retailing and do not use social media to shop online.
 
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