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Survey: Consumers Convinced of Risks Associated with Online Banking

Survey: Consumers Convinced of Risks Associated with Online Banking

The proliferation of online banking and shopping has led many people to believe it is inevitable that their personal data will be stolen, according to a new survey conducted by mobile security firm Entersekt.

The survey found 41 percent of consumers fear that their online accounts will be

The proliferation of online banking and shopping has led many people to believe it is inevitable that their personal data will be stolen, according to a new survey conducted by mobile security firm Entersekt.

The survey found 41 percent of consumers fear that their online accounts will be breached sometime in the future, while 53 percent reported that they had already been victims or knew someone who had been targeted, the Los Angeles Times reports.

"Consumers suspect they are playing with fire conducting financial transactions online...comparable to playing Russian roulette," Entersekt said in a statement regarding the survey.

Still, even with many expressing concern over their privacy, 31 percent of customers still do not look to see how secure it is to make a specific transaction online, while only 13 percent said they would not mind losing sight of their credit card when purchasing something at a restaurant or store.

According to BizReport, more than three-quarters of consumers said they would be happy to use passwords, keys and other security practices to keep their information safe.