Consequences of e-fraud

Date: April 25, 2007
Source: spannerworks.com


Online shoppers are undeterred by the prospect of cyber crime providing they are fully informed of the potential risks, a new report has suggested.

Consumers looking to purchase goods and services who are kept updated about the potential consequences of e-fraud tend to feel that the benefits outweigh such risks, according to a study conducted by BT, the Department of Trade and Industry and the University of Plymouth.

The Trustguide report also outlined the need for improved practices when it came to honesty and accountability among businesses regarding the use of customer data online.
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