Cybersecurity concerns growing among consumers

Consumer data breaches are at crisis levels, and the number of people who want to learn more about prevention is growing. Based on a recent survey conducted by The Harris Poll on behalf of Computer Services, Inc., 74% of consumers would be likely to participate in a cyber security awareness or education program from their […]

Consumer data breaches are at crisis levels, and the number of people who want to learn more about prevention is growing. Based on a recent survey conducted by The Harris Poll on behalf of Computer Services, Inc., 74% of consumers would be likely to participate in a cyber security awareness or education program from their financial institution if  it was offered. The survey also found that an overwhelming majority of consumers (92%) have concerns about the security of their personal confidential data online.

The poll ran online July 1-3, 2019 with feedback from more than 2,000 U.S. adults ages 18 and older about  security concerns, beliefs and practices. Results show more than half of consumers (56%) believe that a person’s payment information is more likely to be compromised when using a debit card versus a credit card. Additionally, about one-quarter of consumers (24%) believe it is okay to use the same password for an online bank account that is used for other online accounts.

Taking a proactive approach to cyber security education also can help credit unions retain members. More than half of consumers (58%) indicate they would leave their financial institution if it suffered a data breach and customer information was stolen or hacked.

The survey offered additional insight shared by U.S. adults regarding their security habits and practices, and a detailed report is available via www.csiweb.com.

LEVERAGE offers cyber security solutions for your credit union. Learn more here.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.