Tag Archives: Cash

08Jan/25

UK Banking IT Failures and Security Concerns

Jan. 7, 2025 /Mpelembe Media/ —  New research from the UK reveals that a significant portion of the British public is keeping cash on hand due to concerns about banking IT failures. One in four Brits report this behaviour, highlighting a growing distrust in digital banking systems. Concerns centre on the frequency of IT outages and the potential for data breaches, impacting consumer confidence. The research underscores the need for banks to improve IT security and transparency to reassure customers. Continue reading