Holiday shoppers fear online fraud
Websites with lax security are more likely to be hacked, putting shoppers at risk if their personal information is stolen. Credit: Getty Images / iStockphoto / interstid
Amid a frenetic shopping weekend that kicks off with Black Friday and culminates with Cyber Monday, there’s a damper on this year’s holiday spirits. A TransUnion report found 54% of shoppers are worried about becoming victims of online fraud — up from 46% last year.
Shoppers say they are wary about making an online purchase if they have concerns about an e-commerce site’s security. Websites with lax security are more likely to be hacked, putting shoppers at risk if their personal information is stolen.
A whopping 80% of consumers said it was important for online retailers to have multifactor authentication, where a texted security code is used in addition to a password to make a website more secure.
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