Consumers fear identity theft

2 July 2008
| By George Liondis |

Fears over identity theft and financial fraud remain the top concerns for consumers globally, according to the latest results from the Unisys Security Index.

According to Unisys, in a survey of 14 countries, identity theft is the primary security concern followed by misuse of credit or debit card information.

The highest consumer concern was in Asia, specifically Hong Kong, Singapore and Malaysia, as well as Brazil. This is in contrast with most European countries, which generally have less fear than people in the rest of the world.

Since last year’s survey, the results have shown significant rise in consumer concern in Spain, Singapore and Hong Kong.

Conversely, Australia, the United Kingdom and Brazil experienced the opposite.

Unisys Enterprise Security vice-president Tim Kelleher said such drastic differences among regions proved that security is a local issue, despite the many threats that extend across geographic borders without discrimination.

“People’s perceptions, concerns and needs are directly influenced by cultural norms and the manner in which security is or is not managed by governments, businesses and other key local influencers,” he said.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months ago

Prime Minister Anthony Albanese has confirmed who will succeed Stephen Jones to serve as the Assistant Treasurer and Financial Services Minister. ...

2 weeks 1 day ago

ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors. ...

3 weeks 6 days ago

The corporate regulator has cancelled the AFSL of a Queensland-based financial services provider, having held the licence since mid-2016....

2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
91.29 3 y p.a(%)
2
3