Consumers love how easy their smartphones are to use and like shopping and browsing on them, too. But when it comes to buying the products they hesitate, wondering if they are leaving a “computer hacker backdoor” into their personal financial information. It’s no wonder.
In light of all the security issues consumers face from cyber-attacks (i.e. Zappos/Amazon), and a recent story that hackers buried their spying devices so deep within Nortel’s internal systems that experts couldn’t find them for years, it’s not surprising that the majority (6 in 10) of consumers worry about the security of their personal financial information when purchasing goods and services on their smartphones. If they buy that cute blouse or high-tech golf driver online, will they suddenly find their bank account empty? Why take the risk?
