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Fraud Prevention Blog

Consumers Express Concern Over Protecting Financial Information

Posted by Sean Trundy on Thu, Jul 16, 2015 @ 07:24 AM

Consumers Express Concern Over Protecting Financial InformationCounterfeiting and identity theft are major concerns for the public, and safety of private financial information is very important to the American people. According to a recent survey commissioned by a major credit card company, 77% of those polled explained that they worry about their financial and Social Security information being compromised.

It appears there is a disconnect, however, between the concern for data security and the measures being taken to protect it. 46% of respondents say they "rarely or never change the passwords for their financial accounts...44 percent say they use the same password for multiple accounts." Experts recommend changing passwords frequently and using different passwords to avoid data breaches and hacks.

Click here to read the full article by Bree Folwer for the Associated Press.

Topics: identity theft, fraud protection tips, credit card fraud, fraud news, counterfeit fraud, fraud prevention protection, counterfeit fraud prevention, fraud prevention

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