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Americans cavalier about PIN protection

July 24, 2013

Alaric, an international provider of fraud prevention and payment processing solutions, recently published survey results revealing that nearly half (47 percent) of U.S. citizens are lax about PIN security — putting themselves at increased risk of card fraud.

This conclusion is the result of a global survey conducted by Alaric. The poll found that respondents in the U.S. were more likely to share their PIN numbers than those in any other country surveyed, including the U.K., the U.A.E., Mexico, Australia and Malaysia.

Among findings from the Alaric study:

• Women were more likely than men to share their PIN, at 52 percent to 41 percent respectively.
• At 62 percent, those aged 25–34 were most likely to share their PIN.
• At 33 percent, those over 55 were least likely to share PIN information.
• Respondents were least likely, at just 1 percent, to share their pin with a friend.
• Surprisingly, 73 percent of respondents said they would not share their mobile PIN, bolstering mobile payments proponents' claims about the security of mobile banking services. 

Read more about security.