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U.S. Consumers' Security Habits Make Them Vulnerable to Fraud

November 06, 2018 / securitymagazine

Despite almost half of U.S. consumers (49 percent) believing their security habits make them vulnerable to information fraud or identity theft, 51 percent admit to reusing passwords/PINs across multiple accounts such as email, computer log in, phone passcode, and bank accounts. That is according to Shred-it's Consumer Fraud Awareness Survey. Consumers are not only putting their digital security at risk, but their habits toward physical information security also make them vulnerable to fraud or identity theft. While nearly two in 10 consumers (17 percent) are concerned that they could fall victim to a physical security breach, nearly three in 10 consumers (27 percent) admit they do not shred paper or physical documents containing sensitive information before throwing them away.