By Tim Ferguson, 6 November 2006 15:00
NEWS
If you're being put off doing your Christmas shopping online over security concerns then think again - because it's far more likely you'll be a victim of physical theft on the high street than suffer fraud in the digital world.
According to a survey from PayPal more than a third of respondents (35 per cent) have been victims of property theft, whereas only 15 per cent of the UK adults surveyed have been victims of online fraud. Similarly, around 71 per cent of Brits know someone who has had their wallet or purse stolen but only 29 per cent know a victim of online fraud.
The figures should reassure consumers who fear making financial transactions on the internet. Many still think entering your financial details online presents a huge risk, with the PayPal research revealing 55 per cent of people feel this way.
Neil Edwards, head of financial planning at PayPal UK, said the workplace is the second most vulnerable place for property theft after pubs and clubs. People assume they are safe at work and can give out confidential bank details over the phone "without a second thought", he said.
silicon.com Financial Services
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The research also found 2.5 million people in the UK have had belongings stolen while at work and leaving your wallet on your desk or reading out your bank details over the phone is much riskier than shopping online.
A spokesman for VeriSign told silicon.com education remains key and consumers need to know the facts about where they face the greatest risks.
Comments
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1. anonymous
As reported this article doesn't address the question of how many people in the survey sample actually used online shopping and how frequently, compared to how many shop in the high street.
If fewer people do something, then of course very few people will come a cropper doing it. I expect that many more people have been injured crossing the road than have been hurt parchuting, but does that make parachuting safer than crossing the road?
Hardly....(Although before parachuting enthusiasts start replying, I do know from personal experience that parachuting isn't anything like as risky as most people think!)