Consumers feel insecure using debit or credit cards

  • 1 October 2014
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ByHNS Staff/ Posted on 01 October 2014.
 
As data breaches at major retailers have compromised the personal information of millions of customers over the past few years, a new consumer trust survey from Honeywell found that the security of credit and debit card information is a bigger concern for consumers (93 percent) than their health (84 percent), retirement savings (81 percent) or losing their cell phone (63 percent).

The survey, conducted by KRC Research, polled more than 2,000 credit or debit card users over 18 years old in the United States about the impact of recent data breaches on consumer trust, actions and expectations.

"When consumers are more worried about the security of their credit and debit card information than their health or retirement savings, it shows an erosion of trust and a growing consumer fear when handing over their personal data to retailers," said Bob Grabowski, vertical marketing leader for retail, Honeywell Scanning & Mobility. "Consumers are clearly stating that there must be an immediate shift for retailers to proactively use the most advanced technologies available to ensure the safety of their information at all times."

 
 
Help Net Security/ Article/ http://www.net-security.org/secworld.php?id=17431

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