More Are Worried About Theft of Credit Card Info

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This post comes from Bill Hardekopf at partner site LowCards.com.

According to the Unisys Security Index Report, an increasing number of Americans are “very” concerned about the security of their financial information.

Only 28 percent of Americans said they were “very” concerned in 2013, but 35 percent reported the same level of worry in 2014. Altogether, more than half (58 percent) 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 percent in 2014 said they were not concerned at all, down from 18 percent in 2013 and 19 percent 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 4 out of 10 people express heavy concern for online shopping and online banking. Only 34 percent of people were not concerned at all.

Many people expressed concerns about computer security. Thirty-six percent said they were worried about their computers in reference to spam emails and viruses.

A significant finding is the fact that 59 percent 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.

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