Over 45% of Americans have had their credit card compromised; Value proposition of Apple Pay rises yet again
A recent poll from the Wall Street Journal relays that 45% of Americans have received a notification that their credit card information was compromised as part of a data breach.
The poll also found that more Americans than ever think they have been targeted in Internet crime. As of December, 15% said either they or a member of their household had been hit by online fraud or hacking. When Gallup asked the same question more than four years ago, 11% answered yes.
The Journal/NBC poll of 1,000 adults was conducted from Dec. 10-14. It has a margin of error of plus or minus 3.1 percentage points.
The poll serves to highlight one of the more appealing features of Apple Pay, namely that Apple's mobile payment service is extremely secure.
Over the past year, there have been a number of high profile breaches at companies like Target and Home Depot. In some instances, hackers were even able to obtain personal information of some shoppers.
Apple Pay, as we've detailed before, is extremely secure because it relies upon tokenization. During an Apple Pay transaction, no credit card data is ever transmitted or stored on a company's system. Consequently, even if hackers were able to break into a store's system, folks who use Apple Pay would have nothing to worry about.
