With 47% of credit card users claiming some form of card fraud in the past five years, the urge among financial technology developers is to develop credit cards that promise to batten down the hatches against cyber-fraudsters.
“It is vitally important for cardholders to defend themselves against identity theft,” said Monica Eaton-Cardone, co-founder of mediating firm eConsumerServices in the Tampa area. “Unfortunately, most people are not even aware of the habits and practices which put them at risk.”
Young consumers have had their online habits shaped and molded by social media, and their financial predilections skew heavily tech-centric toward bank apps instead of brick-and-mortar locations. But as much as banks try to cater to consumers technologically, they're still leaving Americans wanting.