Phones pose credit card fraud risk
Credit card holders have been warned that storing bank details on their mobile phones poses a huge fraud risk.
A survey for security firm Credant Technologies discovered 80% of phone users have details on their handsets that criminals could exploit.
Some of this information included credit card details, with nearly a quarter of respondents (24%) admitting they had saved pin numbers and passwords this way.
As many as 16% of those polled stored other bank account details on their phone memory while 10% had store credit card information on it.
Paul Huntingdon, public sector director at Credant, warned: "It is imperative that all mobile phone users, even with the most basic handset, password-protect and encrypt them."
Meanwhile a spokeswoman for credit card provider Barclays reassured consumers earlier this month that new contactless debit cards would not be an increased security risk.
She told the Times: "A lost and reported card will be immediately cancelled and no longer useable"
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