London, United Kingdom (PressExposure) November 20, 2008 -- Barclays new video, which is presented by television reporter Spencer Kelly, outlines the key risks such as phishing and malicious software and provides advice on what can be done to avoid these threats as well as the things Barclays does to protect customers.
Barclays is a leader in online banking security initiatives having launched PINsentry in 2007. PINsentry uses a handheld card reader and chip and PIN technology to verify customers' identities for online banking. Without the need for passwords or memorable words, PINsentry has introduced a new layer of security to online banking, with users being issued with a unique eight digit code, helping to fight fraudsters who hack into people's computers or utilise "phishing" emails to steal login details. Over 1.5 million customers are now using PINsentry and it was recently named the Best Security Initiative at the Nominet Best Practice Challenge 2008 awards.
In June 2008 Barclays became the only bank to offer all of its customers a full free online security [http://www.barclays.co.uk/video/online-security/] software package. The package, from award winning internet security provider Kaspersky, includes anti-virus software as well as a spam filter, parental controls, spyware, adware and firewalls and is available to all customers who are registered with Barclays online banking. As a result of these initiatives and continuing work behind the scenes, Barclays has seen a dramatic 91 per cent drop in the money lost to fraudsters from 2006 to 2007 and is the only UK bank to have seen a reduction in the number of phishing attacks.
Barclays fight against online fraud continues with a new 'vidcast' advising people on the best methods of internet security [http://www.barclays.co.uk/video/online-security/]. The five minute video is available to watch at http://www.barclays.co.uk/video where viewers are also invited to post their comments including suggestions for subjects of future videos.