Increasingly, U.S. consumers are turning to new online technologies and social media tools to engage in a variety of transactions. While they may offer more convenience, they also pose potential risks to the security of personal information and financial assets. Do consumers’ understand these risks and, accordingly, are they taking appropriate precautions?

A recent study by ThreatMetrix and The Ponemon Institute, “Mobile Payments & Online Shopping Survey of U.S. Consumers,” focused on issues relating to consumers’ attitudes and concerns about mobile payments, mobile banking, ecommerce, social network shopping and online government payments.

Among the findings in this executive summary you'll learn are:

• Average time spent on the internet is 24 hours per week

• 57 percent of people make online purchases daily or weekly

• 74 percent are concerned or seriously concerned about fraud when shopping onlne

• 72 percent worry about becoming a victim of online fraud