Biggest Fear Among Americans: Financial Fraud

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Published May 16, 2014

| FOXBusiness

Biggest Fear Among Americans: Financial Fraud

What Keeps Americans Up at Night?

Terrorism and identity theft are two major concerns among Americans, but the item that tops the list might surprise you.

Financial Security

Financial security was the top concern among Americans polled, notably the abuse of their credit card data. Fifty-nine percent of Americans polled -- up from 52% last year -- said they are now “seriously concerned” about the possibility of their card information falling into the wrong hands.

Thirty-seven percent of Americans in the Unisys poll also said they were worried about the security of online shopping and online banking, up from 34% last year.

“Businesses that ignore the risk of data breaches do so at their own peril,” Unisys said.

Identity Theft

The thought of having a person impersonating your identity is almost as frightful. Fifty-seven percent of Americans in the survey said they were seriously concerned about someone gaining access or misusing their personal information.

Some 16.6 million U.S. residents over the age of 16 were victims of at least one incident of identity theft in 2012, amounting to more than $24.7 billion in direct and indirect losses, according to the latest Victims of Identity Theft report by the Bureau of Justice Statistics.

Terrorism

Of course, war and terrorism are still major concerns – third on this list.

Forty-seven percent of Americans (about the same as last year) listed war and/or terrorism, as well as other issues affecting national security, as major worries in 2014.

This comes as unrest spikes in other parts of the world, including in Russia and Ukraine, and about a year after the Boston Marathon bombing – the worst domestic terrorist attack since Sept. 11, 2001.

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http://www.foxbusiness.com/technology/2014/05/16/biggest-fear-among-americans-financial-fraud/