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80% of consumers concerned about credit card security

09 June 2010

A survey of 800 British, French, German and American consumers conducted by database security leader, Guardium, an IBM Company, has revealed that 78% were either 'concerned' or 'very concerned' about the security of their credit card information

Over half of Americans surveyed think they are more likely to be victims of ID fraud than have their car stolen

In the UK, despite banks being cited overall as the 'most trusted' organisations by British respondents, more than two thirds (72%) of these respondents were concerned over their banks' ability to safeguard financial data from internal threats and disgruntled employees. In the US, 54% of respondents said they thought they were more likely to be a victim of identity theft than to have their car stolen.

The survey, conducted in Berlin, London, Munich, New York and Paris, asked individuals to share their views on fraud, identity theft and the safety of credit card and personally identifiable information (PII) such as US Social Security Numbers and regionally relevant personal data such as French 'Carte Vitale' and German 'Krankenversicherungskarte' health cards. It also uncovered differences in regional consumer attitudes over the security of personal and financial data held by government organisations, banks and retailers.

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