TriCipher Consumer Online Banking Study

by Sabrina I. Pacifici on May 29, 2007

Press release: “…a recent TriCipher Consumer Online Banking Study, conducted by Javelin Strategy and Research, reveals that consumers would take advantage of more online banking services if banks provided stronger identity protection. The TriCipher Consumer Online Banking Study included 3,349 respondents from a random-sample panel that was representative of the U.S. population. Surprising findings uncovered that nearly 1 in 5 – estimated at 26 million – adult consumers have been victims of identity theft or fraud in their lives. And, according to survey results, over 88 million online banking customers would switch banks, or reduce online banking usage, if news reports exposed their individual institution as compromised.”

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