Question

“Branches are closing and we are forced to transact on line. People don’t really matter anymore”. Critically review this statement

Answer 1

This is an important statement which has been issued regarding scams which are done by the bank online in the United Kingdom and people are really worried that they are forced to do transaction online where they are afraid that around 25% of what they are losing in the the fraud are not being returned back to them, and hence it is leading them to a great level of risk because when the banks are closing their branches due to a large number of a scams, it is forcing the people to transact online.

when the people are forced to transit online it will mean that people will be exposed to a lot of cybercrime and in United Kingdom the rate of cybercrime is too high and when the money which has been stolen in the the United Kingdom through cyber crime. it's not being completely return and reinstated because only 25% of the money are reinstated back into the system so people are exposed to a large number of risk in transacting online, and they are sceptical about transacting online and they are saying that people are not mattering anymore as they are forced to transact online due to physical closure of the branches of the bank.