Global awareness of cybercrime is at an all time high. International news stories about stolen financial information have people more concerned about online security than ever before. But has this growing awareness translated into more caution among consumers? Norton Cybersecurity Insights Report has the answers, and some of them might surprise you. Norton by Symantec (NASDAQ: SYMC) offers up some perspective.
Norton demonstrates that most people are more afraid of virtual theft of financial data than the theft of their physical wallets. 47% of people surveyed said they’d been impacted by cybercrime in the previous year. 70% perceived public WIFI as a greater danger than public restrooms. Most saw cloud storage of financial data as more foolish than driving without a seatbelt. Most parents said that they thought bullying was more likely to occur online than in the real world.
“Consumer confidence was rocked in 2014 by an unprecedented number of mega breaches that exposed the identities of millions of people who were simply making routine purchases from well-known retailers,” said Fran Rosch, executive vice president, Norton by Symantec. “Our findings demonstrate the headlines rattled people’s trust in mobile and online activity, but the threat of cybercrime hasn’t led to widespread adoption of simple protection measures people should take to safeguard their devices and information online.”
All this awareness doesn’t keep Millennials from being any safer online, the stats would suggest. More than a third still share passwords with friends and family, a behavior absent from Baby Boomers, America’s most cautious generation when it comes to web security. Cybercrime has spread far beyond America, as well. In the 17 nations Norton examined, it’s common to lose 21 hours each year, to the prevention and cleanup surrounding cybercrime. It costs the average person $358 each year to handle these tasks, a reality that caused survey respondents to express great dissatisfaction to say the least!
Despite this, the average person still neglects to use safe password behavior, even though this is the most basic cybersecurity measure. Most people give themselves an “A” in this regard, even though they may have short and easy-to-break passwords. A secure password has 8 unique letters, numbers, and symbols, at least. People tend to share passwords with friends and family. Of those sharing passwords, more than one in three share the password to their banking account. Others share email (50 percent), TV/media (45 percent) and social media (40 percent).
To learn more about cybercrime and how consumers can be safe, go here for more information.
About the Norton Cybersecurity Insights Report
The Norton Cybersecurity Insights Report is an online survey of 17,125 device users ages 18+ across 17 countries, commissioned by Norton by Symantec and produced by research firm Edelman Berland. The margin of error for the total sample is +/-0.75%. The U.S. sample reflects input from 1,008 U.S. device users ages 18+. The margin of error is +/- 3.09% for the total U.S. sample. Data was collected Aug. 25-Sept. 18, 2015 by Edelman Berland.
Symantec Corporation (NASDAQ:SYMC) is the global leader in cybersecurity. Operating one of the world’s largest cyber intelligence networks, we see more threats, and protect more customers from the next generation of attacks. We help companies, governments and individuals secure their most important data wherever it lives.