Press Release

MarkMonitor research finds almost 80% of shoppers still have safety concerns over online shopping

Businesses warned against complacency as consumer concerns increase

San Francisco, CA: February 13, 2017 – New research from MarkMonitor, the world leader in enterprise brand protection, has found that almost four out of every five people have security concerns about unknowingly purchasing counterfeit goods online.

Despite the continued rise in the popularity of online shopping – according to a third-party report, 2016 saw an estimated 11% increase in total sales – 78% of all those who responded to the MarkMonitor survey said they had cybersecurity-related concerns when it came to shopping online. More specifically, 42% of respondents said they were worried about the safety of their personal and financial details when it came to Internet transactions.

Online security has long been a problem for consumers, but the percentage of those concerned is increasing. Similar research commissioned in 2015 by MarkMonitor found that 64% of respondents were anxious about their online security. As a result of these combined findings, businesses cannot afford to be complacent over the security measures they have in place to protect their customers online.

Mark Frost, CEO of MarkMonitor, says: “Despite e-commerce being more popular than ever, this research indicates that the large majority of businesses aren’t doing enough to safeguard their customers and alleviate the concerns they have. In fact, according to our research, a huge 85% of consumers believe that brands should be doing more to protect them, particularly when it comes to the purchase of counterfeit goods.

“These findings should really be a warning sign to all businesses against complacency over cybersecurity. Just because the number of consumers buying goods online keeps rising, this does not mean that businesses should sit back and assume that all consumers feel comfortable doing so. Brands need to do all they can to make their customers feel safe online, whether that means clamping down on counterfeit goods or making it clear to all customers that their payment details will be safe.”

This research also indicates that complacency is actually beginning to have a serious negative impact on businesses. Almost three quarters (71%) of respondents to the latest survey who unknowingly bought counterfeit goods have a more negative perception of the genuine brand as a result, with 12% saying they would never purchase from that brand again.

“This particular statistic reinforces the importance of having an online brand protection strategy that prevents the threat of counterfeiting,” says Frost.

The research was conducted on behalf of MarkMonitor by leading market research agency Opinium. A total of 3,432 respondents from nine countries – UK, USA, Denmark, France, Germany, Italy, Spain, Sweden and the Netherlands – were surveyed online in November 2016.

To read the full report, please visit: https://info.markmonitor.com/rp-holiday-barometer

Press contact:

Holly Rees
The Whiteoaks Consultancy
+44 (0)1252 727313
Email: hollyr@whiteoaks.co.uk

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About MarkMonitor

MarkMonitor, a leading enterprise brand protection solution and a Clarivate Analytics flagship brand, provides advanced technology and expertise that protects the revenues and reputations of the world's leading brands. In the digital world, brands face new risks due to the Web's anonymity, global reach and shifting consumption patterns for digital content, goods and services. Customers choose MarkMonitor for its unique combination of advanced technology, comprehensive protection and extensive industry relationships to address their brand infringement risks and preserve their marketing investments, revenues and customer trust. For more information, visit www.markmonitor.com.

About Clarivate Analytics

Clarivate Analytics is a global leader in providing trusted insights and analytics to accelerate the pace of innovation. Building on a heritage going back more than a century and a half, we have built some of the most trusted brands across the innovation lifecycle, including the Web of Science, Cortellis, Derwent, CompuMark, MarkMonitor and Techstreet. Today, Clarivate Analytics is a new and independent company on a bold entrepreneurial mission, to help our clients radically reduce the time from new ideas to life-changing innovations. For more information, please visit clarivate.com.

Forward-Looking Statements

This press release and oral statements made with respect to information contained in this release may contain forward-looking statements regarding Clarivate Analytics. Forward-looking statements provide Clarivate Analytics’ current expectations or forecasts of future events and may include statements regarding anticipated synergies and other future expectations. These statements involve risks and uncertainties including factors outside of Clarivate Analytics’ control that may cause actual results to differ materially. Clarivate Analytics undertakes no obligation to update or revise the statements made herein, whether as a result of new information, future events or otherwise.

Press Contact
Michelle Smithson
The Whiteoaks Consultancy
+44 (0)1252 727313
Email: michelles@whiteoaks.co.uk

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