UK and US online shoppers worry about security

Friday 28 November 2014 00:58 CET | News

Almost eight in ten (77%) people do not feel very safe when shopping online, a recent research reveals.

According to global information security company NCC Group, many of these customers shy away from retailers as a result. 64%of consumers believe they are likely to be a victim of a security breach within 2015 and are doing less online shopping due to security concerns.

Findings indicate that about 84% of people bank and shop online. However, just 21% feel safe when doing this, and only 8% of people feel “very safe” on social media websites. 56% of those surveyed said that they often have to share information that they would not normally feel comfortable sharing in order to complete online transactions.

The research reveals that 88% of consumers believe that companies should be legally obligated to disclose security breaches, while 84% think that companies should financially compensate consumers if they lose their personal/financial information due to a data breach. Around 75% think that governments should mandate companies to do more to protect all information that companies use or store online.

The survey questioned 10,000 people in the US and UK.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: UK, US, online shoppers, online security, online payments, NCC Group, web fraud
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events