Absolutely, I agree. Of special note would be the last sentence "perceived security of Brick and Mortar." That's all there is to it, a perception.
When you charge something at a mall the transaction is stored on a computer somewhere or, better yet, uploaded to the main server for the company. Computers are used every day in Brick-and-Mortar companies. These have connections to the Internet, and hackers use these to get access. It is not exclusive to E-business.
There's also the debacle of throwing away hard copies of slips into dumpsters. Every employee has access to your personal information. There is no encryption; the information sits right in front of them.
The Internet is receiving more than its fair share of exposure, but criminals are criminals. We have to work diligently to stop ALL criminals from stealing our personal information. The process should start with simple common sense; let's make sure our security protocols, software, and hardware all stack up to the worst, most common of threats. This should also apply to Brick-and-Mortar establishments. Then we can "cry havoc" if our defenses don't work.
If we can eliminate the simple mistakes, we will be making huge inroads towards TRUE secure electronic transactions.