Despite concerns over breaches, 40% of cardholders have provided Social Security numbers online

mood · Aug 30, 2019

Despite concerns over breaches, 40% of cardholders have provided Social Security numbers online
August 30, 2019
https://www.scmagazine.com/home/sec...have-provided-social-security-numbers-online/

Two years after the Equifax breach, four in 10 consumers holding credit or debit cards have included their full Social Security numbers on an online form, a new report has found.

In research conducted for the second year in a row to mark the anniversary of the 2017 Equifax breach that exposed the personal information of 148 million people, CompareCards by Lending Tree explored how Americans using credit and debit cards view breaches and how they’ve taken steps to safeguard against ID theft.

The report found American consumers are cognizant of the uptick in breaches with 91 percent believing the incidents are becoming more common. While 42 percent of those surveyed said they will file for damages under the Equifax settlement, one in five who were affected by the breach won’t claim damages.

“Being jaded about the insecurity of our financial information only makes the bad guys’ job easier,” said Matt Schulz, chief industry analyst at CompareCards.
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Despite concerns over breaches, 40% of cardholders have provided Social Security numbers online

mood Updates Team