Online shoppers fear cyber crimes

NEW DELHI: Seven out of 10 people worry their financial details are vulnerable to cyber-criminals when it comes to online shopping, according to research from SafeNet, Inc., information security solutions provider.

SafeNet surveyed 250 people in the UK, including accountants, management consultants, and marketing and HR executives about their security fears. Four out of five respondents admitted that lack of faith in Internet security has stopped them from shopping online in the past, SafeNet said in a statement.

The survey revealed that Internet security fears stopped 80 per cent of consumers from shopping online and 60 per cent of respondents were worried about their details when making payments over the phone.

Majority of respondents said that they would be "more confident" if there was an industry enforced Internet security standard, which all retailers and financial institutions conformed to.

Deepak Prasad, vice president-Global Outsourcing, SafeNet Infotech Pvt. Ltd, said, "As more organisations become PCI DSS compliant, we hope to see positive changes in customer data management as well as a drop in the number of data heists."

Major credit card firms including Visa International and MasterCard Worldwide have joined forces to create the Payment Card Industry Data Security Standard (PCIDSS), to help facilitate the broad adoption of consistent data security measures on a global basis. This is a multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures.

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