It is hard to imagine life without the internet these days. However, a new study has just discovered that more American households are reconsidering getting connected over the fear of identity theft, credit card fraud and other related cybercrimes.
Identity Theft Vs Credit Card Fraud
The study, which was conducted by the National Telecommunications and Information Administration (NTIA), found that most households are still fearful about sharing personal data due to identity theft. According to the NTIA (via WTOT), 63 percent of people they spoke to were afraid of falling victim to the crime while 45 percent of the respondents stated that they worry about credit card fraud. The fear over online banking fraud is likely to cause a decrease in financial transactions being done over the internet.
Social Media's Biggest Enemy
The fear over identity theft and credit card fraud has caused most American households to be cautious about sharing personal information. The NTIA also found that people are fearful of data collection while some are afraid of cyber stalking. The agency discovered that Americans are more protective of their personal information and have chosen not to share photos or personal data on social networking sites.
Understanding The Internet
The agency released a statement about the study on the NTIA website. "NTIA's initial analysis only scratches the surface of this important area, but it is clear that policymakers need to develop a better understanding of mistrust in the privacy and security of the Internet and the resulting chilling effects," the agency wrote.
The NTIA also stated that the fear of cybercrimes could actually affect the country's economy as well as freedom of speech. "In addition to being a problem of great concern to many Americans, privacy and security issues may reduce economic activity and hamper the free exchange of ideas online," the agency concluded.
