FinTech; Do you know if the application sells your data?

42% of consumers internationally use one FinTech app, but half of them don't know if the app is selling their data, ESET survey reveals

Η ESET, αποκαλύπτει ότι το 42% των καταναλωτών διεθνώς χρησιμοποιεί μια ή πλατφόρμα χρηματοοικονομικής τεχνολογίας (FinTech). Από αυτούς, οι μισοί (50%) δε γνωρίζουν εάν η εφαρμογή που χρησιμοποιούν πουλάει τα δεδομένα τους.

ESET investigated the issue of consumer data security in the Global Financial Technology Survey (FinTech), which involved 10.000 consumers in the United Kingdom, the United States, Australia, Japan and Brazil.

The research reveals interesting facts about how consumers protect their sensitive information when using FinTech applications.

The survey shows that, apart from the large percentage of consumers who do not know if their data is being sold, only 31% of people who participated say they read the terms and conditions of a FinTech application before installing it, and only 29% has read the privacy policy.

The findings shed light on measures taken - or not taken - by consumers around the world to protect themselves and their finances, and that many of them may be vulnerable to cyber threats. According to the research:

• Almost half (48%) of consumers do not use VPN (Virtual Private Network) and 42% of consumers connect to applications via public Wi-Fi network.
• One in five consumers globally consider themselves to be technologically savvy. Nevertheless, even among them, 31% do not use any application to manage passwords.
Interestingly, of the 22% of respondents who can be considered "FinTech adopters" (those who use four or more FinTech applications), 93% have security software installed on at least some of their devices.
At the same time, for "FinTech non-adopters" (those who use one to three applications), this percentage is reduced to 85%. This could mean that consumers who are more interested in using FinTech applications are taking more cyber security precautions when it comes to their personal financial data.

Commenting on them , ο Ignacio Sbampato, chief business officer της ESET, δήλωσε:

"Protecting consumers' sensitive financial data has never been more important. Financial technology can play an important role in the path of personal and social economic recovery and it is vital that the FinTech solutions and their users are adequately protected. Our findings on consumers and their attitudes towards data security reveal that many people may be vulnerable to cyber threats and our mission is to ensure that the most valuable information of technology users is protected by advanced security software. "

To learn more about ESET and global financial technology research, you can visit newsroom. The Best Technology Site in Greecefgns

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Although the press releases will be from very select to rarely, I said to go ... because sometimes the authors are hiding.

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