Consumer Survey Shows Growing Concern over Security of Financial Information

May 22, 2014, Written By John H. Oldshue
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According to the Unisys Security Index Report, an increasing number of Americans are “very” concerned about the security of their financial information.

Only 28% of Americans said they were “very” concerned in 2013, but 35% reported the same level of worry in 2014.

More than half (59%) of the people surveyed in March 2014 said they were very or extremely concerned about other people obtaining their credit or debit card details. Only 17% in 2014 said they were not concerned at all, down from 18% in 2013 and 19% in 2012. It seems that recent credit card breaches at Target, Michaels, Neiman Marcus and Sally Beauty have caused some Americans to question the safety of their financial information.

Nearly four out of ten people express heavy concern for online shopping and online banking. Only 34% of people were not concerned at all.

Many people expressed concerns about computer security. 36% said they were worried about their computers in reference to spam emails and viruses.

A significant finding is the fact that 59% of those surveyed said they would be less likely to do business with a company after a security data breach. If stores continue to suffer data breaches like they have been over the last few months, this could be quite a blow to the retail community.



The information contained within this article was accurate as of May 22, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.