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Majority of People Want Cybersecurity Schooling

“Compromised financial data represents one of the most threatening issues for financial institutions and consumers alike ..."

Cybersecurity education. Cybersecurity education. (Source: Shutterstock)

Nearly three-quarters of consumers (74%) would likely participate in their financial institution’s cybersecurity awareness or education program, if offered, according to a white paper from financial technology provider Computer Services, Inc.

The survey, the “2019 Consumer Cybersecurity Poll,” also found an overwhelming majority of consumers (92%) have concerns about the security of their personal confidential data online. According to the results, 56% believed a person’s payment information more vulnerable when using a debit card versus a credit card; and 24% believed it is okay to use the same password for an online bank account used for other online accounts. Surprisingly, according to the report, younger adults are more likely to believe this than their older counterparts (36% of those ages 18-34 vs. 19% of those ages 35 and over).

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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