Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

In online we don't trust; people still wary of e-commerce

Monday, April 7, 2008

A new Gemalto-sponsored survey finds U.S. consumers are wary of password security for online commerce transactions. The survey, conducted by TNS Sofres, concludes that banks and other providers need to do more to protect consumers.

The “Digital Trust Barometer” survey of 1,000 consumers, released at the RSA Conference, showed that people’s concerns about digital security go beyond the Internet. Some 57% of Americans said they were afraid someone will steal their account passwords while banking online and another 38% said they simply do not trust online payments. Only 22% felt “very good” about the security in any of the digital technology they use, indicating the vast majority of Americans remain wary.


To no one’s surprise, ID theft topped the fear list at 74%. Some 44% said they were afraid of having their accounts hijacked. That’s probably because 21% of respondents had already suffered from bank data theft.

A third of those surveyed liked the idea of a personal portable security device, such as a USB key, that will protect them online. Finally, 40% said they would purchase more online if security was reinforced. [end] 

MasterCard introduced a road map focused on advancing the U.S. electronic payments system. The map, which includes the path for migration from magnetic stripe to EMV technology available on chip cards, will serve as the foundation for the next generation of products and services.

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The Online Trust Alliance (OTA) will be offering e-mail authentication training to all U.S. government agencies and organizations based on a contract awarded to them through the Department of Homeland Security (DHS).

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Isis, the mobile commerce joint venture between AT&T, T-Mobile and Verizon, is preparing to launch a massive NFC payments pilot in Salt Lake City this summer, reports the Salt Lake Tribune.

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Consumers aren’t adopting mobile transactions as quickly as originally thought, in part due to security and fraud concerns, says Forbes. The mobile commerce market is in trouble unless consumers trust that mobile applications and devices are secure.

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Authentication and encryption services provider DigiCert Inc. has released a public beta of its new ClickID trust seal program. The program aims to increase consumer confidence with strong identity verification through an identifiable site seal.

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CARTES in North America, a new annual card manufacturing, payment, identification and digital security expo and conference, has placed mobile payments at the center of its agenda of this year’s inaugural event.

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