Factors Affecting Information Security Awareness Among Generation Z: Evidence From India

This research paper investigates the awareness of Information Security among Generation Z (Gen-Z) and the factors influencing their adoption of digital payment methods. Utilizing the Exploratory Factor Analysis technique, the study aims to assess their understanding of information security risks and identify the determinants affecting their digital payment technology use. It measures the level of information security awareness and the factors impacting this awareness among Gen-Z concerning digital payment systems. Data was gathered through a questionnaire, and the analysis was conducted using SPSS 25. The findings revealed significant components such as Trust, Digital Financial Literacy, Privacy and Security, and Perceived Risk that play a crucial role in shaping Gen-Z's awareness of Information Security. The results have the potential to provide valuable insights for policymakers, researchers, and industry stakeholders, guiding them in developing strategies to enhance information security awareness and promote the effective integration of digital payment technologies.