Fewer Americans Banking Online

Here's a stat from Business Week about older Americans and online banking:

21% of Americans 55 or older are banking online, down from 26% in 2004. Many feared their data might be sold by the bank or stolen.

Reasonable fears, as I've covered before:

• Identity Theft Issues Everywhere
• Identity Theft is Worse than You Think It Is
• ID Theft: It's Only a Matter of Time
• Consider Security when Downloading Bank Information

Comments

[Hazzard]

Kind of interesting. What most people don't seem to understand is that transactions across the internet are far less of a risk than a company out right losing your data from their back office processes. Take this example: "Boeing loses personal data on 161,000 employees". These employees had no part in the loss of their data.

It reminds me of the irrational fears of "mad cow". Statistically, people were far more likely to get hit by a bus than to get the mad cow disease, but we still panicked.

Hazzard

http://www.everybodylovesyourmoney.com