Threat Intelligence

7/3/2018
11:40 AM
50%
50%

Consumers Rank Security High in Payment Decisions

Security is a top priority when it comes to making decisions on payment methods and technologies.

In the list of considerations for how to pay for purchases, the security of the transaction method tops cash back and loyalty points for most consumers. That's the conclusion of a recent major payment industry study, reinforced by separate results from new private research.

The "2017 TSYS U.S. Consumer Payment Study," the latest annual version of research conducted by the payments provider, indicates that security is a top-of-mind issue for the majority of consumers. Regarding a question about moving to electronic wallets on smartphones, the study reports, "Consumers continue to be most interested in mobile features that allow them to instantly identify and stop unauthorized credit and debit transactions," with 80% reporting this as a reason for pursuing wallet apps. The ability to instantly see transactions was cited as another reason by nearly three-quarters (72%) of respondents. Both of these responses outpaced any convenience-related justifications for the new technology.

Security for new payment technology is in line with a response from TSYS's 2016 study that found when considering a new credit card, 74% of consumers ranked security and fraud protection as their priority, with 26% preferring rewards.

The survey on which the study was based also asked consumers about their comfort level with different authentication levels. Traditional passcode was the top response, with 69% stating their comfort with the method, but fingerprint authentication was close behind, at 63%.

For more, read here and here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
OliverJ237
50%
50%
OliverJ237,
User Rank: Apprentice
8/3/2018 | 3:15:18 AM
Re: My own anecdotal evidence
The survey on which the study was based also asked consumers about their comfort level with different authentication levels. Traditional passcode was the top response, with 69% stating their comfort with the method, but fingerprint authentication was close behind, at 63%.https://www.allicdata.com
Joe Stanganelli
50%
50%
Joe Stanganelli,
User Rank: Ninja
7/6/2018 | 11:34:48 AM
My own anecdotal evidence
I can speak to this personally.

I remember there was a VERY rare recording/album I wanted by a musical artist whose work is next-to-impossible to find. After months of searching (both online and IRL), I eventually came across a website that sold the artist's recording that I wanted -- a website for the music publisher with whom the artist worked.

Or so it purported to be. The website was in the Netherlands and looked pretty sloppily put together. I did not feel comfortable trusting my personal payment information on the site (I couldn't even be certain if the website was legit) -- so I simply went without.

In hindsight, the website was probably legit, but it still left a bad taste in my mouth.
Veterans Find New Roles in Enterprise Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/12/2018
Understanding Evil Twin AP Attacks and How to Prevent Them
Ryan Orsi, Director of Product Management for Wi-Fi at WatchGuard Technologies,  11/14/2018
7 Free (or Cheap) Ways to Increase Your Cybersecurity Knowledge
Curtis Franklin Jr., Senior Editor at Dark Reading,  11/15/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Online Malware and Threats: A Profile of Today's Security Posture
Online Malware and Threats: A Profile of Today's Security Posture
This report offers insight on how security professionals plan to invest in cybersecurity, and how they are prioritizing their resources. Find out what your peers have planned today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-18519
PUBLISHED: 2018-11-19
BestXsoftware Best Free Keylogger 5.2.9 allows local users to gain privileges via a Trojan horse "%PROGRAMFILES%\BFK 5.2.9\syscrb.exe" file because of insecure permissions for the BUILTIN\Users group.
CVE-2018-19355
PUBLISHED: 2018-11-19
modules/orderfiles/ajax/upload.php in the Customer Files Upload addon 2018-08-01 for PrestaShop (1.5 through 1.7) allows remote attackers to execute arbitrary code by uploading a php file via modules/orderfiles/upload.php with auptype equal to product (for upload destinations under modules/productfi...
CVE-2008-7320
PUBLISHED: 2018-11-18
** DISPUTED ** GNOME Seahorse through 3.30 allows physically proximate attackers to read plaintext passwords by using the quickAllow dialog at an unattended workstation, if the keyring is unlocked. NOTE: this is disputed by a software maintainer because the behavior represents a design decision.
CVE-2018-19358
PUBLISHED: 2018-11-18
GNOME Keyring through 3.28.2 allows local users to retrieve login credentials via a Secret Service API call and the D-Bus interface if the keyring is unlocked, a similar issue to CVE-2008-7320. One perspective is that this occurs because available D-Bus protection mechanisms (involving the busconfig...
CVE-2018-19351
PUBLISHED: 2018-11-18
Jupyter Notebook before 5.7.1 allows XSS via an untrusted notebook because nbconvert responses are considered to have the same origin as the notebook server. In other words, nbconvert endpoints can execute JavaScript with access to the server API. In notebook/nbconvert/handlers.py, NbconvertFileHand...