Security measures offer benefits that far outweigh any perceived "hassle"
I came across this interesting blog post from Mashable over the weekend which talked about the annual costs to businesses worldwide, arising from identity fraud, amounting to a staggering $US221bn!
You may recall a post I did back in July of 2010 in response to an article on Stuff which talked about identity fraud costing Australians $1.11bn per annum, but these numbers from Mashable bring the scale of the issue to a whole new level!
Take a look at the interesting graphics on the Mashable post; they’ve drawn out compelling stats like:
64% of Americans are extremely concerned about being a victim of identity theft
1.6 million households have their bank accounts and/or debit cards compromised
70% of victims have difficulty removing negative information stemming from the theft from their credit reports
As I have said on numerous occasions, security of your money and your identity is of paramount importance to us. Yet while some may see tokens such as our Digipass as a “hassle” for banking with us, those persons who truly understand the risks and importance of being fully protected, see the additional security measures offering benefits that far outweigh any perceived "hassle" and that these tokens are the bare-minimum that should be being offered by banks.