In Silicon Beat it has been reported that in the aftermath of the high profiles security breaches of major retailers such as Target, PF Chang’s, Neiman Marcus, and Michael’s, many wary shoppers are returning to cash as a more secure form of payment. A recent survey showed that following a breach, 64% of people responding to the poll said they would be using cash in the future, with millennials being more likely to use cash than other demographic groups.
Nevertheless, of those polled, 80% believed their financial accounts to be adequately secure, with 73% believing the same about their credit and debit card accounts. This would seem to indicate that people become more security conscious after they have suffered a loss or exposure.Share
About the Author:I am a cybersecurity and IT instructor, cybersecurity analyst, pen-tester, trainer, and speaker. I am an owner of the WyzCo Group Inc. In addition to consulting on security products and services, I also conduct security audits, compliance audits, vulnerability assessments and penetration tests. I also teach Cybersecurity Awareness Training classes. I work as an information technology and cybersecurity instructor for several training and certification organizations. I have worked in corporate, military, government, and workforce development training environments I am a frequent speaker at professional conferences such as the Minnesota Bloggers Conference, Secure360 Security Conference in 2016, 2017, 2018, 2019, the (ISC)2 World Congress 2016, and the ISSA International Conference 2017, and many local community organizations, including Chambers of Commerce, SCORE, and several school districts. I have been blogging on cybersecurity since 2006 at http://wyzguyscybersecurity.com