{"id":297,"date":"2003-12-22T00:00:00","date_gmt":"2003-12-22T00:00:00","guid":{"rendered":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/2003\/12\/22\/interest-in-online-banking-grows-only-security-could-impede-growth\/"},"modified":"2021-12-30T11:36:55","modified_gmt":"2021-12-30T11:36:55","slug":"interest-in-online-banking-grows-only-security-could-impede-growth","status":"publish","type":"post","link":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/2003\/12\/22\/interest-in-online-banking-grows-only-security-could-impede-growth\/","title":{"rendered":"Interest in Online Banking Grows &#8211; Only Security could impede growth"},"content":{"rendered":"<p>Barring a major security breach, online banking will enjoy steady growth for the foreseeable future as remaining U.S. households without Internet access go online, a new report concludes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Jupiter Research, the number of online banking households will grow at a compound annual growth rate of 14 percent to 56 million over the next five years.  <\/p>\n<p>The reason for the jump is simple &#8212; more households will connect to the Internet.  Once the purview of well-heeled consumers, online banking will see its strongest growth from lower and middle class households (defined in this study as those with income of $75,000 or less), which will use bank Web sites to manage credit cards and auto loans, Jupiter Research says.<\/p>\n<p>Jupiter Research analysts say online banking has more to do with consumers&#8217; choice of channel (the Internet, rather than the teller or telephone) than differences between rival banks offerings.<\/p>\n<p>The report states &#8220;only possible threat&#8221; to increasing online bank usage is a security breach and concludes, &#8220;Security concerns are already a primary inhibitor of initial consumer adoption; if realized, they will be a serious drier of online attrition.&#8221;<\/p>\n<p>More info: [url=http:\/\/www.internetnews.com\/fina-news\/article.php\/3292001]http:\/\/www.internetnews.com\/fina-news\/article.php\/3292001[\/url]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-297","post","type-post","status-publish","format-standard","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=297"}],"version-history":[{"count":1,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/297\/revisions"}],"predecessor-version":[{"id":2784,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/297\/revisions\/2784"}],"wp:attachment":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}