Security News > 2021 > June > Changes in the privacy landscape through the pandemic

Businesses in this landscape are increasingly trading privacy and security for convenience.

In its latest quarterly analysis of global online fraud trends, global information and insights company TransUnion found that since the COVID-19 pandemic began, fraudster threats against businesses have increased by 46%. To counter this, many have been looking to the security industry for the answer.

The same research found that only 27% of consumers claimed they were confident in the security of their passwords, whilst 24% wait for prompts by businesses to change them.

With consumers concerned about privacy and businesses concerned about authenticating genuine users, it is no surprise that the state of digital trust online is weaker now than it has been previously.

As a result, the identification and verification of both genuine businesses and consumers is more important than ever.

To keep privacy at the heart for concerned consumers, businesses need to navigate biometrics considerately.

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