Identity theft tops security concerns

The need for consumers to compare credit cards and debit cards on their security criteria could be overtaking other issues such as balance transfer deals and the desire for low-rate credit cards.

Research from Unisys reveals that the risk of identity theft via their credit or debit card now ranks as the chief security concern for many Australians.

And second is the potential for their personal details to be misused – which could also have them looking to compare credit cards and debit cards for any added security or anti-fraud measures.

General manager and vice-president of Unisys Asia Pacific Andrew Barkla says: "Regardless of the reality of actual risk, it is a time in which Australians need greater overt assurances that their private and personal information is securely protected."

Almost two-thirds (63 per cent) of respondents surveyed believed that their risk of experiencing identity theft has increased since the economic turbulence began.

Unisys previously advised consumers to take special care in checking debit and credit card statements after any period of purchases such as the run-up to Christmas.

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