(Length: 13 pages)
This is a Client Choice document

January 12, 2005

Keeping Financial Transactions Online

Stronger And More Visible Security Will Attract Customers

by Jonathan Penn, Penny Gillespie

with Bill Doyle, Adele Sage


Executive Summary (This is a document excerpt)

Fraud and identity theft continue to rise, making consumers and small business owners more concerned and skeptical about online security and data privacy. If financial organizations want to continue their online momentum, then they must redefine the balance between security and customer convenience. Smart firms will be more overt in demonstrating stronger security and promoting this as an element of customer advocacy.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemCustomers' Security Concerns Threaten Online Finance

itemFirms Underestimate The True Cost Of The Problem

itemOnline Channel Use Suffers

itemCustomers View Firms As Unresponsive To Their Security Needs

itemRebuilding Trust: Security As An Element Of Customer Advocacy

itemWhy Trust Matters

itemHow Firms Are Starting To Rebuild Trust

itemWhere Firms Need To Go

recommendations

itemMarket Security As An Element Of Customer Advocacy

WHAT IT MEANS

itemNew Business Opportunities For Early Adopters

Forrester discussed this topic with dozens of security and business executives at leading financial firms and with many security vendors focused on fighting fraud and identity theft.

Related Research Documents

itemWhy Small Business Customers Don't Bank Online

December 10, 2004, Trends

itemPhishing Concerns Impact Consumer Online Financial Behavior

December 2, 2004, Trends

itemCombating Fraud In Financial Services

April 7, 2004, Best Practices

Find Documents In Related Categories

This document falls under the following categories. Click on a link below to find similar documents.

Analyst: Jonathan Penn
Technology: eBusiness/eCommerce, Infrastructure Security, IT Management, IT Strategy, Planning, & Governance, Security & Risk
Industry: Financial Services, Financial Services Technologies, Online Financial Products & Services, Retail Banking
Geography: Asia Pacific, Europe, North America

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