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24-years-old , with each remaining age group citing their main worry as someone accessing their bank account through identity fraud .

Hence , for accounts connected to larger sums or investments , three-quarters of Brits ( 75 %) would be willing to go through a lengthier online onboarding process , if this made it safer . Doug Pollock , Vice President Customer Success at IDnow , explained : “ Our findings show that banks in the UK do not always go far enough to make their customers feel safe and secure . They need to go further in terms of fraud prevention technology to meet their customers ’ risk appetite , especially when their money is at stake . Because , and our research confirms this , if banks get it wrong , the majority of people ( 54 %) would consider moving banks were they to become a victim of fraud .

“ We hope these findings highlight the massive impact online fraud continues to have on British people . Because fraudsters work across industries , regions and use cases , it ’ s vital we all work together – financial services , technology providers , government , law enforcement and the public – to identify and stop fraudsters before it ’ s too late .” �