Security concerns estimated to cost etailers $2 billion

A continued series of online and offline security breaches is showing its impact on Internet buying patterns among US adults, Gartner reports. According to the market research firm, almost $2 billion will not be spent online this year because of security concerns that keeps shoppers from certain sites or from shopping online entirely.

Gartner's estimates are drawn from a recently conducted survey among 5000 US adults, which indicated that 46% of more than 155 million U.S. adults are concerned about theft of information, data breaches or Internet-based attacks in a way that their purchasing payment, online transaction or e-mail behavior has changed. The firm believes that online commerce is "suffering the highest toll." Security concerns estimated to cost etailers $2 billion in 2006 | TG Daily

Linked by shanmuga Monday, 27th November 2006 11:21PM