Shoppers Up Their Online Security Game, Survey Says

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Publicated : 22/11/2024   Category : security


Shoppers Up Their Online Security Game, Survey Says


While they check SSL certificates and liability policies more often, many remain wary of biometric authentication, Computop reports



Almost three-quarters of consumers – 71% -- said they check that an ecommerce site they shop on is protected via SSL and https, according to a new survey of over 1,900 consumers in the US and UK. In addition, 61% claim they checked the liability policy of their preferred payment method provider or bank in the case of fraud.
Despite those precautions, 62% say they wont be shopping online on Cyber Monday this year (Nov. 28). But that self-restraint isnt because of security concerns; shoppers will shun online buying this year because the deals arent as good as they used to be, according to Computop, a secure payments provider that sponsored the study.
Respondents were also asked which biometric features theyd use for authentication; fingerprints was the top choice (35%), followed by retinal scans (12%), voice recognition (7%), and selfie photo (2%). But 41% rejected biometric authentication altogether.
Consumers, particularly those in Europe, are concerned about how biometric data is secured, according to Andre Malinowski, head of international business at Computop. This data must be stored safely, otherwise it will open up new areas of identification theft, he added.
Malinowski was pleased to see that so many consumers are looking for SSL certificates but said more education is needed to combat fraud. We have to continue finding ways to making online shopping safer, he said.
But theres a disconnect in the Computop data, in that despite greater consumer awareness around security and liability, consumers arent wholeheartedly embracing online payment plans or sharing as much personal information online. Theres also a disconnect between the behavior reported to surveyors and the actual consumer behavior, according to John Pironti, president of security consultancy IP Architects LLC. When you crosscut the conversations and go back to retailers numbers, online sales keep going up, he said. While good security is always the intention, convenience always trumps security for a consumer.
The high percentage of respondents who claim to know their online payment providers liability policy is also dubious, Pironti added. UK and European consumers tend to pay more attention to privacy and bank fraud policies because they understand they may be liable, he explained. But in the US, they tell you in the ads youre only liable for the first $50.
Other key points from the Computop survey:
74% said they are concerned about security when disclosing credit card and bank information online;
57% said they wouldnt shop at a retailer that had recently experienced a data breach;
When shopping online, 41% of respondents rejected the option of paying at the physical store when picking up their order;
US consumers trust their credit cards the most (59%), while UK consumers trust PayPal more (50%);
26% are concerned that their biometric data could be spoofed;
19% felt the benefits outweighed the risks when sharing biometric data for payment authentication.
Related Content:
1 In 3 Consumers Worldwide Hit By Payment Card Fraud
Device Advice: Keeping Fraudsters From Consumer Info
The Hidden Dangers Of Bring Your Own Body
8 Alternatives to Selfie Authentication
 

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Shoppers Up Their Online Security Game, Survey Says