Millennials Want Companies to Adopt New Identity Verification Approaches

Millennials are weary of sharing personal information. Companies are now in a bind to find ways to limit the amount of data they have to collect. A majority of millennials are worried about identity theft and data breaches, with people globally being even more concerned. Consumers want to know that they are protected from identity fraud!

Key Takeaways:

• Globally, millennials have exhibited similar tendencies in their use of payment methods and digital equipment as well as their attitudes toward information and security measures.
• The Lexis Nexis study found that U.S. millennials not only have and use digital devices often, but use them for a broad variety of purposes.
• Smartphones are almost ubiquitous among millennials, with 97% usage across all markets. In the U.S. they use them for mobile banking but not as much for purchases.

“Globally, millennials have exhibited similar tendencies in their use of payment methods and digital equipment as well as their attitudes toward information and security measures.”

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