ID fraud hurts trust in ecommerce

Consumers fail to take care of their personal details

Written by Emma Nash

The growth of identity theft is damaging consumer trust and confidence in ecommerce, according to research.

Online retailers must act swiftly to educate customers about protecting personal information to prevent a surge in crime, says the survey from RSA Security.

The study suggests that 57 per cent of consumers believe responsibility for protecting their online identities and personal details lies with web-based companies such as banks and retailers.

'The report shows that the understanding consumers have of how they treat sensitive information about their online identity is very low,' said Tim Pickard, RSA strategic marketing director for Europe.

'This is probably already damaging ecommerce because in order for consumers to participate they have to trust the environment they're working in. And the big brand name companies will win because they're already trusted in the physical world,' he said.

The research also found that 79 per cent of people would be willing to give enough personal details to strangers in the street for a fraudster to steal their identities.

A separate survey from Infosecurity Europe 2004 also found that 71 per cent of office workers questioned at London's Liverpool Street Station would swap their passwords for a bar of chocolate.

'There needs to be an awareness campaign for consumers to understand better,' said Pickard.

'It's no good for consumers to put the onus on vendors to take that responsibility. Online organisations share a duty of care to educate consumers.'

Tony Neate industry liaison officer at the National Hi-Tech Crime Unit says identity theft is becoming a global issue.

'As traditional identity theft such as credit card fraud becomes more difficult due to increased security initiatives such as Chip-and-PIN, criminals are rapidly looking for new ways to conduct fraud,' he said.

Tags:

reader comments

related articles

Cut out the card sharps

Chip and Pin is yet another factor in the complex fight against credit card fraud, reports Lisa Kelly 18 Jun 2004

 

UK firms not ready for chip and Pin

One in five retailers delay upgrading their card payment authentication systems 24 May 2004

Superdrug cures chip-and-pin woes

Retailer streets ahead with new EPOS system to cut down on fraud 04 May 2004

Interview: Fraudsters threaten data

Peter Dorrington, head of fraud solutions at SAS UK, explains what problems the introduction of chip-and-PIN credit cards will cause businesses 29 Apr 2004

UK consumers worth thousands to cybercriminals

It takes just £80 to buy a new identity, which can yield thousands for fraudsters 17 Nov 2008

Job hunters exposed to ID theft

Too much information given out on CVs, warns iProfile 23 Oct 2008

Online card fraud more extensive than reported

Original APACS figures for 2007 did not include failed attempts, says the BBC 23 Apr 2008

related whitepapers

today's top stories

IT's stock is soaring at the LSE

London Stock Exchange IT chief David Lester explains to Angelica Mari how the integration of Borsa Italiana is keeping his team busy, despite the worsening economy 20 Nov 2008

Keeping IT in fashion

John Bovill has been hooked on retail since his early years as a fashion market trader. His industry knowledge is now helping him build a slick IT operation, reports Charlotte Moore 20 Nov 2008

Cutting-edge IT delivers the goods

Chief technology officer Jay Bregman explains how constant innovation is part and parcel of his strategy for delivering competitive advantage at eCourier 20 Nov 2008

Computing podcast: Europol's data sharing woes; credit card protection at Cotton Traders

The pan-European fight against organised crime is undermined by lax data sharing arrangements; and Cotton Traders enhances its credit card protection 20 Nov 2008

Keeping IT on track

Catherine Doran, winner of Computing’s IT Leader of the Year award, tells Angelica Mari of her determination to drive on with technology-led transformation at Network Rail despite uncertainty over funding 19 Nov 2008

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Advertisement

Jobs

Related jobs

Job of the week

Job alerts

Sign up here

Find your next job

IT Salary Checker

Check salary here

Advertisement

White papers

Search white papers

Top categories

VPN, Extranet and Intranet Solutions

WAN/ LAN Solutions

Network Security

Interoperability-Connectivity

Grid/ Utility Computing

Latest poll

Will attempts to rebrand IT as a "cool" choice of profession increase the number of IT graduates?

Will attempts to rebrand IT as a "cool" choice of profession increase the number of IT graduates?

Can brand building reverse a decline in IT graduate numbers?

Previous poll results

Latest audio and video articles

Video

The definitive guide to converged communications

Five key trends and five best practice tips to help you improve your corporate communications 20 Nov 2008

PodcastAudio

Computing podcast: Europol's data sharing woes; credit card protection at Cotton Traders

The pan-European fight against organised crime is undermined by lax data sharing arrangements; and Cotton Traders enhances its credit card protection 20 Nov 2008

Latest in-depth articles

StarFeatures

Retaining the stars of IT

Jim Mortleman investigates the innovative techniques IT leaders are using to hang on to their star performers 20 Nov 2008

Dave BaileyComment

Clouds darken outlook for Vista's successor

Windows 7 looks like being an improvement on Vista, but economic and environmental concerns may mean few enterprises will rush to adopt it 20 Nov 2008

Advertisement

Primary Navigation