Tuesday, August 01, 2017

Major Payment Data Security Concerns among Consumers

From BusinessWire
A survey* commissioned by Transaction Network Services (TNS) has found that 85% of adults in the US, UK and Australia believe the number of criminals trying to steal credit and debit card data is increasing.

More than two thirds are concerned about the security of their payment card data and 38% feel their private credit or debit card data has been put at risk by a data breach, irrelevant of whether they subsequently were a victim of fraud.

Also from BusinessWire:

A recent study from Juniper Research predicts that worldwide spending on tools to detect and prevent online payment fraud will rise to $9.3 billion by 2022, an increase of 22% over the spend expected this year. The report says that the threat posed by insecure internet of things (IoT) devices will be a primary driver of anti-fraud investment.

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