New Delhi:
A survey has revealed that nearly half of plastic money users in India are extremely concerned about frauds. Also, 73 percent are left shaken by media reports of such incidents, the survey by Visa Payment Card Security Study said.
The study found that consumers in India take a highlyproactive approach to enhance security, while makingelectronic payments, both in person and online. As per the study, 37 percent respondents use differentpasswords for different purposes, 51 percent change theirpassword regularly as a prevention measure than anything elseand 41 percent change passwords once a month or more. Sixty seven percent of the consumers said that they wouldregister to receive alerts over their mobile phone in order toprevent such frauds in future, it added.
"Research gives us key data about attitudes towards riskand security as we take forward innovative solutions toenhance and increase security and trust all aspects of cardpayment transactions," Visa International Head of RiskMichael E Smith said.
The study was conducted among over 500 consumers betweenAugust and October, and across Delhi, Mumbai, Bangalore, Chennai,Kolkata, Hyderabad.