Entersekt - Visible and Invisible Security: Perceptions in Digital Banking - March 2023 - Learn more about consumer preferences for online security and authentication methods when digitally accessing and transacting using their bank account

Perceptions in Digital Banking

More Than Half of Bank Consumers Want Better Transaction Security 

A new PYMNTS study of 2,584 U.S. consumers, “Visible and Invisible Security: Perceptions in Digital Banking,” a collaboration with Entersekt, finds that 56% want better security from their banks for infrequent transactions — and what they’d like to see instead.

Inside the March Playbook

  • 47%: Share of consumers unsatisfied with their FIs’ current security measures for everyday digital activities and transactions
  • 30%: Share of consumers looking for added visible security when accessing bank accounts
  • 34%: Share of digital-only banking customers who want additional visible security measures when reaccessing a bank account from a familiar device

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