According to a study by the Identity Theft Resource Center (ITRC), consumers are wary of making online transactions for fear that their personal info will be leaked, stolen, or used fraudulently.
In fact, 85 percent of people are significantly concerned about the safety of sending information over the Internet.
They feel like the transmission of info is more risky than the storage and protection of personal facts online.
If there were a way to shop, pay bills, or login to websites without needing to give away any personal or financial information, 96 percent of folks would be interested.
The ITRC is currently figuring out a way to fine-tune a method which, without using personal details, authenticates a transaction and insures payment, allowing an online purchase to go forward.
This method would remove the problems with personal info online since the info needed to conduct business would all be based on anonymous data that becomes useless after a transaction.
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