People in English-speaking countries are targeted for identity fraud at twice the rate of many Europeans, according to a new study released by PayPal on Wednesday.
Ten percent of online shoppers in the U.S., the U.K. and Canada--not-surprisingly, places with high percentages of e-commerce transactions--reported being victims of identity fraud, compared with only 5 percent in France, Germany and Spain, the study conducted by Ipsos found.
The Germans had the lowest rate of identity fraud of the countries, with 3 percent reporting problems.
Meanwhile, the Germans were also found to be more cautious with their passwords. Only about one in four Germans reported ever sharing a password with anyone, compared with 60 percent of Americans and 56 percent of the French.
One in three Americans said they write down their passwords to remember them, while fewer than one in five in all the other countries does so.
As far as changing passwords, the French and Spanish are the most lax. And the French tend to display birth dates on social networking sites and to use birth dates as passwords, the study found.
In Canada, more than half of the respondents said privacy is their number one online concern.
Finally, more than half of all consumers surveyed still receive financial statements in the mail. Only 17 percent of French consumers and 23 percent in Spain own shredders.
Worried about identity theft and fraudulent e-commerce sites?
BuySAFE may have something for you. The company launched a free desktop application on Tuesday called buySAFE Shopping Advisor that offers ratings on U.S.-based e-commerce sites.
The sites are rated based on whether they are using valid SSL (Secure Sockets Layer) encryption for data transmission, whether the sites are regularly inspected for security vulnerabilities, have a published privacy policy, and whether the merchant is bonded.
The integrated browser tool also offers a portal to 3,000 shopping sites where purchases are guaranteed with a bond of up to $25,000 and are protected with identity theft insurance for 30 days.
Arlington, Va.-based buySAFE partners with underwriters Liberty Mutual, Travelers, and ACE on these services.
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