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ONLINE SECURITY CONCERNS INHIBIT E-COMMERCE IN EUROPE

January 27, 2000

      International Data Corporation (IDC) recently released its "European Internet and Ecommerce: Ready for 2000" study that finds:

• 25% of Europeans now have access to the Internet;

• Less than 5% have made online purchases.

The Web's penetration into Europe is as diverse as the continent itself:

• Sweden's Internet use is about 60%;

• Net use in France is 16%;

• More than 25% of UK users have purchased goods or services over the Internet;

• Only 1-2% of Spanish users have made an e-purchase.

      The study notes that a major factor inhibiting the growth of European e-commerce is lack of confidence in online security and using credit cards over the Web.

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