Economy Causing Fraud Concerns

Posted by Mark Brousseau

Two-thirds of consumers around the world believe that the current economic crisis has impacted their personal risk for ID theft or fraud, according to research conducted by Unisys.

The current global findings of the Unisys Security Index also show that fears about bank card fraud and identity theft have increased. These areas remain the top overall consumer concerns globally, where they have ranked since Unisys began the comprehensive biannual study in 2007, and the increase in ID theft fears reverses a small downward trend. In addition, the survey saw a 10 point increase in Internet security fears worldwide, which included near equal rises in concerns about online banking and shopping as well as computer viruses and spam.

“Our research is a wake up call to every organization that serves consumers since perception is reality, and security fears are clearly growing worldwide,” said Tim Kelleher, vice president and general manager, Managed Security Services, Unisys. “Not only do the vast majority of people believe that the current global financial crisis directly increases their personal risk of being an ID theft or fraud victim, but general concerns about online transactions, computer viruses, and meeting financial obligations all saw significant increases among consumers worldwide. While the economic environment is difficult, it is more imperative than ever that businesses and governments assuage these fears by investing in unified solutions that address all their security vulnerabilities.”

“We continue to see unique nuances around the world, which can provide insight for businesses and governments when developing security solutions and communicating to customers,” Kelleher said. “Enterprises need to take a more unified approach to security and consider both common worldwide threats and trends, and how these relate locally depending on market conditions.”

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