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Americans say they’re concerned about their data privacy, but will give up their personal information for a measly coupon.
But being careless with your data can have perilous consequences — both financially and physically. Hackers can even take control of your brakes on the road, both Geico  and Esurance  have admitted.
The latest statistics from payment security company PCI Pal  show that following a data breach consumers in the U.S. are lax with their data privacy measures, even though they’re getting hacked more than other countries. Here’s how U.S. consumers’ responses match to their British counterparts…
Every time you mindlessly volunteer your email or phone number for a 15 percent off coupon, you’ve given up identifying information. Here are some other ways you’re giving up your privacy and not realizing it…
New vehicles with internet technology, or “connected cars,” give automakers the ability to create more safety features, according to a joint study from automotive data company Otonomo and market research company Edison Research.
Despite all the noise around data breaches, new car buyers are sharing personal data for features, like…
“While consumer trust in some industries is trending very low right now, car manufacturers are amongst the most trusted in terms of how they treat customer data,” says Edison Research VP Tom Webster. “This paints a very compelling picture for the future capabilities of the connected car.”
Some of last year’s biggest talking points were Facebook’s Cambridge Analytica data sharing scandal and the European Union’s General Data Protection Regulation. In response, Americans question how platforms use their data more than ever. But the more we learn, the less we mind.
In light of Cambridge Analytica, an Insights Network survey found last year that almost half of Americans have considered deleting one of their social media accounts, and 12 percent already have. Of those who deleted a social media account, 78 percent chose their Facebook profile for the chopping block.
But Facebook doesn’t actually “sell” data. It operates its services free of charge with ad revenue’s support. Facebook allows brands to tailor ads to specific demographics, according to a Motley Fool article published in USA Today.
Consumers are increasingly handing over their personal information to get hyper-specific messages — and some companies are doing a better job of using that information than others.
Americans tend to trust retailers the most, particularly those online. A joint poll from Georgetown University and New York University found that Amazon is the second-most trusted institution in the country. (Ahead of Amazon is the military, and below it is Google.)
But the retailers we trust the most may be vulnerable to the new “get rich quick” method of hacking. It’s called formjacking —where cybercriminals hack into retail websites to steal customers’ credit card details, according to Symantec’s Internet Security Threat Report.
Formjacking effects almost 5,000 websites a month, and just 10 stolen credit cards could be a big payday for a hacker. Those 10 cards from each of the websites could bring in over $2 million a month.
Debt.com previously reported in its 2018 Identity Theft Analysis that 53 percent of U.S. businesses were hacked in 2017 — regardless of size. Data from Oxford Economics found that just 8 percent of people trust businesses to “keep their personal information secure.”
If you’ve ever gotten rid of old computer hard drives or devices, you’ve probably left some trace of your personal data on them. It’s common — and dangerous. The personal data you hand over leaves you more vulnerable to identity theft.
Even data you believe is private on your current devices is fair game for internet service providers. Last year, President Trump reversed regulations that barred companies like Comcast and Verizon from selling your information to advertisers. Now providers can access your online purchases, search history, and even your location, Debt.com previously reported.
To learn more about keeping your information private, visit Debt.com’s guide How to Prevent Identity Theft.
Kristen Grau contributed to this report.
Published by Debt.com, LLC Mobile users may also access the AMP Version: Americans Care More About Data Privacy But Are Doing Less About It - AMP.