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CU System
Card fraud scares citizens most, security index finds
BLUE PELL, Pa. (5/20/14)--More than any other type of security threat, U.S. citizens worry most about credit and debit card fraud, according to the 2014 Unisys Security Index, released last week in partnership with Lieberman Research Group.

Likely driven by the recent spate of data security breaches across the country, 59% of respondents reported being "extremely" or "very" concerned about someone stealing and using their credit or debit cards, a 7% jump from last year's poll.

Identity theft and national security ranked second and third--at 57% and 47% respectively--on the list of top security concerns. The index is based on a survey of 1,005 U.S. citizens.

"In today's hyper-connected world, people are wary of losing their financial and personal data to cybercrime, and it is crucial that businesses review and enhance their security measures on a continuous basis," said Dave Frymier, Unisys chief information security officer.

The Credit Union National Association continues to prod federal lawmakers to develop legislation that would force merchants to abide by the same data security standards as credit unions and other financial institutions. As it stands, CUNA leaders say, merchants are not required to shoulder enough of that responsibility.

The index also found that nearly 60% of those polled would be less likely to do business with a commonly used financial institution or store if a security breach involving their personal or credit card data occurred there.

Almost 40% said, however, they would not likely change how they shopped or did business in response to a breach. 
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