Americans Would Rather Have Nude Photos Stolen Than Financial Data
According to a new survey from MasterCard, 77% of Americans worry about the security of their personal information. 62% worry about their emails getting hacked, and 46% worry about being pickpocketed.
But what is more surprising is the value that Americans put on their financial security. 55% of survey participants said they would rather have naked photos of themselves stolen than their financial data.
A staggering 92% of participants said they take precautions to protect their financial information, but 46% say they rarely change the passwords on their accounts. 39% reported they use public networks to check financial accounts from their phones, which makes them far more vulnerable to hacking than checking the information on a secure personal network.
Despite the concerns about security in the digital age of finances, Americans indicate they are optimistic about the new payment technologies being introduced.
83% say they are “excited about new payment technologies helping to protect their financial information,” and 77% say they believe the new technologies will have a positive impact on their personal security. 88% trust their payment network is “arming them with secure technology” to fight fraud.
“Our survey reveals there’s a sharp contrast between what people say or think they are doing to protect their information and what they actually do, but that’s understandable–we’re human,” said Carolyn Balfany, senior vice president of U.S. Product Delivery for the EMV sector at MasterCard. “In today’s digital age, we need the strong combination of what we all can do ourselves to keep our information as safe as possible and what we are doing at MasterCard to bring the latest innovations in safety and security to our cardholders.”
About Bill Hardekopf
Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.