funsec mailing list archives

Re: Ummm, wait a minute ...


From: "Dennis Henderson" <hendomatic () gmail com>
Date: Mon, 28 Apr 2008 14:45:25 -0500

On 4/28/08, Rob, grandpa of Ryan, Trevor, Devon & Hannah <rMslade () shaw ca>
wrote:

A recent survey revealed that 57 percent of Americans fear that their
account
passwords will be stolen when they bank online, and 38 percent do not
trust
online payment processing, banks and other ecommerce services. [...]
Justifying
consumer concerns, 21 percent of the respondents in the survey said they
had
already had their bank data stolen. 40 percent of consumers who took the
survey
said they would buy more online if the security was strengthened. Another
44
percent of people said that online credit card processing worried them.

Source: http://www.prweb.com/releases/2008/4/prweb851444.htm


Customer satisfaction with online banking sites has risen significantly
over the
past five years. [...] The reading of 82 was higher than customers gave
banks
overall – 78 in 2007 – suggesting they are more pleased with banks' online
operations than with branches and call centers. [...] The survey measured
customers' experiences with three types of financial institutions – banks,
credit card companies and investment services firms.  Banks got the
highest
score out of the three financial categories.

Source:

http://news.yahoo.com/s/ap/20080415/ap_on_hi_te/online_banking_survey;_ylt=
AnI4UD9QUmv3y6L4cG0KliCs0NUE



Perhaps the fact that US banks (real banks, not credit unions etc) have been
forced to deploy a lot of security measures to meet regulator deadlines. I
know I felt the pressure in fall 2006.

Perhaps its just the feeling of being more secure that is driving the survey
results?


Dennis
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