‘All consumers are at risk' as payments could be declined after rule changes

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He added that even the most tech-savvy individuals can find themselves as victims, with Rightly research indicating 76 percent of consumers fear becoming a target for scams or breaches. 

He added: “All consumers – even those who are very familiar with technology – must remain vigilant.”

The new measures could provide a much-needed layer of protection for vulnerable Britons, but those that may be unable to prove their identity during an important transaction could be worse off. 

Mr Walker explained: “On the one hand, if you have a phone and bank account or credit card, you have what you need to identify yourself. If your phone has run out of power, or you cannot remember your online banking password for example, this could create problems when trying to make an online transaction.”


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