Fraud is causing most online shoppers to use their debit and credit cards less, a new study said.

More than half (56%) of credit and debit cardholders in a survey, released Wednesday by Sparks Research and Fort Lauderdale, Fla.-based fraud prevention firm Tender Armor, said they shopped online less, reduced their card usage or closed card accounts after a fraudulent charge. The survey of 1,013 online shoppers during the first quarter of 2016 also found demand for data security is rising.

"Our study revealed that 78% of online shoppers want more protection for their payment card data when shopping online," Tender Armor CEO Madeline Aufseeser said.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.