Online banking interest in U.S. stalls

September 6, 2005

Worries about security have led to an apparent cooling toward Internet banking in the United States. A new survey from Ipsos Group indicated Tuesday that the number of Americans who use online banking hit a plateau during the past 12 months amid concerns about hackers and spam.

The poll surveyed 1,000 American adults about their banking habits during the year ending in August 2005. It determined that while 39 percent of the respondents did some banking business via the Internet, that number was largely unchanged from the previous 12 months after a relatively dramatic initial growth spurt.

Ipsos said high-profile reports of security breaches and identity theft gave pause to many potential users as did concerns that their e-mail addresses and other personal data would be sold to telemarketers.

Copyright 2005 by United Press International

Explore further: Online voting is convenient, but if the results aren't verifiable it's not worth the risk

Related Stories

China's Alibaba sets new path with US IPO

September 14, 2014

With a possible record-breaking stock offering, Chinese online giant Alibaba is set to boost its role as a global company with a massive expansion potential.

Target faces big costs related to security breach

February 26, 2014

(AP)—History doesn't always repeat itself. The hit to TJX Cos. was minimal after it disclosed in 2007 a massive data breach of customer information at its T.J. Maxx, Marshalls and HomeGoods stores.

Recommended for you

Expanding theory of evolution

August 5, 2015

An Indiana University professor is part of an international team of biologists working to expand Darwin's theory of evolution to encompass factors that influence a species' growth and development beyond genetics—as well ...

Can genes make us liberal or conservative?

August 4, 2015

Aristotle may have been more on the money than he realised in saying man is a political animal, according to research published Wednesday linking genes with liberal or conservative leanings.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.