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Virgin Money UK expects pandemic stress on banks to step up later this year

Virgin Money UK expects pandemic stress on banks to step up later this year
Published 2 months ago
By Muvija M
(Reuters) – The boss of Virgin Money UK said on Tuesday the lender is taking a cautious approach despite turning a statutory profit in the latest quarter, with stress on customer finances from the COVID-19 crisis likely to increase later this year.
Shares in the UK’s sixth largest lender jumped 7% to 141 pence by 1337 GMT, amongst the best performers in the UK mid-cap index.
“The great majority of people – whether it was credit cards or personal loans – who are on payment holidays have resumed payment. And in the business book we’ve not seen any material losses or impairments,” Chief Executive David Duffy told Reuters. ....

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Indians feel ordering in food is safe, but online dating is the least-secured activity

Indians feel ordering in food is safe, but online dating is the least-secured activity
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Last Updated: Jan 28, 2021, 05:31 PM IST
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BENGALURU: Indians feel most secure while ordering food online, but least so while online dating, according to a report.
McAfee Corp. on Wednesday announced findings from its 2021 Consumer Security Mindset Report , revealing that while the shift to a digital-first life was brought on by the global pandemic, Indian consumers have shown an increased online footprint.
Activities like online banking(68 per cent), financial planning (55), and personal shopping (63) were at the top of the list.
Three out of four people in India (74 per cent) say they are concerned about today s cyber risks, yet one in five (20) respondents admit that they are not confident in their ability to prevent a cyber attack, the report said. ....

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1 in 2 Indians afraid of online dating: Report

Most Indians feel secure while ordering food online but close of half of those surveyed were afraid of their online activities when it comes to dating, a new report revealed on Wednesday.Notably, three out of four people in India (74 per cent) . ....

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McAfee: Profound Shift in Everyday Technology Highlights New Landscape of Personal Security

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Business Wire
McAfee: Profound Shift in Everyday Technology Highlights New Landscape of Personal Security
Consumers’ Digital-First Mindset Influenced by Shopping Habits and Desire for Convenience
News Highlights:
Online alternatives continue to replace activities in people’s lives and routines that were once in-person
2 out of 3 Americans say they’re worried about cyber risks but 1 in 3 don’t feel confident in their ability to prevent a cyber-attack
77% of Americans admitted they made changes in online activities in 2020 out of convenience
McAfee Corp. (Nasdaq: MCFE) today announced findings from its 2021 Consumer Security Mindset Report revealing that while the shift to a digital-first life was brought on by the global pandemic, U.S. consumers plan to keep it up – with online banking (61%), social engagements (56%), and personal shopping (52%), at the top of the list. With the increase in activities online, ....

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Increasing number of Aussies fear becoming victim of a cyber attack after COVID-19

Increasing number of Aussies fear becoming victim of a cyber attack after COVID-19
Exclusive: Two-thirds of Australians say they are worried about becoming the victim of a cyber attack after spending vastly more time online since the beginning of the COVID-19 pandemic.
New findings from McAfee s 2021 Consumer Security Mindset Report found most Australians fear their financial data could be stolen while 65 per cent were concerned their social media accounts could be hacked.
The report, which profiled the views of 1000 Australian adults, found older citizens were the most worried about having their banking details hacked, but were also the most disciplined in online hygiene compared to younger Australians. ....

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