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Consumers flocked to Amazon to indulge in Prime Day deals and start their holiday shopping early this year – specifically, home office gadgets and home connected devices like smart assistants, tablets, doorbells and more. And overall, retail sales continue to grow to near pre-pandemic levels with electronics a big part of it as consumers stock their home office and arm their kids with devices now needed for virtual school.
But are consumers thinking about their “home cybersecurity?”
A new global study by the Economist Intelligence Unit and TransUnion has overwhelmingly found the key to whether or not companies go out of business hinges on providing consumers friction-right digital transactions. Nearly 85% of global executives surveyed as part of the study said they believe smooth digital transactions are “essential to business survival” rather than merely a competitive edge.
LexisNexis Risk Solutions released its LexisNexis Risk Solutions 2020 True Cost of Fraud Study: Financial Services & Lending for the United States and Canadian financial services and lending sectors.
According to data extracted and analyzed by Atlas VPN, the United States residents reported 168,818 imposter scam cases amounting to $299.9 million in losses in the first half of 2020 with a median loss of $694. That is more than two times less than in H1 2019 when the US consumers reported 355,866 imposter fraud cases.
In Spring 2020 as the COVID-19 pandemic was starting to spread across the globe, a survey of approximately 250 U.S. consumers commissioned by Awake Security found that the two threats from the DHS list that worry Americans most are cyberattacks on core infrastructure (electric, water, transportation etc.) and cyberattacks on corporations.
Diving deeper into the results surfaces something that is contrary to the popular narrative: consumers take responsibility for their personal cybersecurity and even help out those around them. They hold the government and enterprises ultimately accountable, but also understand the role each individual has to play.
The Federal Trade Commission launched a new tool that explores data about problems military consumers may experience in the marketplace. For the first time, data about reports the FTC has received from active duty service members and veterans will be available online in an interactive dashboard at ftc.gov/explore data.
Biometrics has the potential to make authentication faster, easier and more secure, as long as it is handled with due care. Based on this, what can companies and governments do to offer a safer digital environment for consumers?
A large amount of campaign websites (70 percent) reviewed in an audit failed to meet security and privacy best practices, according to the 2020 U.S. Presidential Campaign Audit by the Online Trust Alliance (OTA).
Senators Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) reintroduced the Data Breach Prevention and Compensation Act to hold large credit reporting agencies (CRAs)-including Equifax-accountable for data breaches involving consumer data.
United States Senator Elizabeth Warren (D-Mass.) and Chairman of the House Oversight and Reform Committee Elijah Cummings (D-Md.) released the findings of a Government Accountability Office (GAO) report, entitled "Actions Needed to Strengthen Oversight of Consumer Reporting Agencies."
