Sharing data can offer benefits, but what you share and who you share it with is up to you. Top tips from Lloyds Bank to stay safe:
Check who you’re speaking to. If a company contacts you out of the blue asking for personal information, contact the company directly yourself using a known email or phone number.
Be aware of Open Banking (using apps and websites to view all your finance in one place) – if you’re interested in sharing data using this system, check the company appears on the Open Banking Directory first. www.openbanking.org.uk/regulated-providers/
Choose a password that’s secure and change it if you’re worried that someone may have access to it. lloydsbank.com/help-guidance/security
Check your statements regularly and report any suspicious activity.
Don't forget fraudsters might pose as trusted companies – know
Don't give away personal information too freely, for example,