Consumers are being warned of security risks in the rush to buy Christmas gifts online, with security firm Centrify releasing some worrying data from their latest survey.
The recent Centrify 2016 Online Shopping Survey reveals that one in eight respondents would accept discounts and special offers from retailers in exchange for their passwords. Centrify says this highlights the risks consumers are willing to take in order to save money online.
“Disturbingly, the Australian Payments Clearing Association has reported that Card Not Present fraud – typically where credit cards are used for online purchases – jumped by 21% last year,” Centrify says in a statement.
Niall King, Centrify senior director APAC Sales, says the recent Centrify Online Shopping survey showed many consumers still make basic security mistakes.
“Nearly 14% admitted they share passwords with friends and family so they can login to their accounts,” he says.
“Other problems with password hygiene include more than 50% reporting they save passwords to the retailer’s websites so as not to forget them. More than half also admitted they sometimes reuse the same password for different retailers’ websites,” King explains.
“A very disturbing finding is that one in eight respondents said they would accept discounts and special offers from retailers in exchange for their passwords, highlighting the risks consumers are willing to take in order to save money online,” he adds.
King says discerning shoppers needed to put their online safety first rather trying to save a few dollars from their Christmas shopping list.
“Ignoring online security risks gives cyber-crooks the best Christmas gift they could ask for – your identity details and money,” he says.
With the Christmas shopping season for 2016 well under way, Centrify has issued 10 tips for online shopping safety to help consumers recognise security risks and ensure they shop online in safety: