Posted by Mike Sachoff

More than half of the UK population still does not shop online, according to a survey by CyberSource.

While 41 percent say don’t shop online because security is an issue, 66 percent say they are concerned about the level of risk

About a third of survey respondents say they or someone they know has been a victim of online credit card fraud. The most common source for information about the safety of shopping online is from the media.

“With the abundance of media coverage about security breaches, it is not surprising that some shoppers are frightened off,” said Simon Stokes, managing director of CyberSource Ltd.

“The challenge to the industry is educating consumers to shop safely, to minimize their exposure to fraud. As more people gain access to the Internet and realize the convenience, value, and safety of shopping online, I believe we’ll see a higher percentage trying and staying with this form of purchase.”

UK shoppers are taking some basic precautions to protect themselves from fraud when shopping online. More than half (68%) of online shoppers have now signed up for the MasterCard SecureCode or Verified by Visa programs, which provide password security for online credit card users.

Fifty-seven percent use credit cards for the additional protection they offer, and 86 percent look for the secure padlock icon on a Web site before making a purchase.

Tags: Online Shopping, Security

This entry was posted on Thursday, February 12th, 2009 at 12:30 pm and is filed under Uncategorized. You can leave a response, or trackback from your own site.

About the Author: Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.