One in three don’t use passwords on their computers

computerNorton has released its 2016 Cybersecurity Insights report, which shows that 594 million people worldwide were exposed to cyber crime in 2014.

Worryingly, one out of every three people don’t use a password on their phones or computers.

It also reveals that many of those living in high-risk countries are least likely to feel personally responsible for online crimes.

In the UK, consumers lost on average £1.7 billion to cyber crime in the past year, compared to £112 billion across seventeen countries, which is an average of £6.5 billion per country.  This seems to indicate that the UK is performing slightly better than other countries.

Baby Boomers more secure than Millennials

The study shows that 31% of millennials around the world share their passwords with at least one other person.  Furthermore, 44% of millennials in the US were victims of online crime last year. By contrast, only 15% of baby boomers (US) – often seen as less tech-savvy than later generations – shared their passwords, and only 16% were victims of online crime in 2014.

Worrying UK statistics

The UK-specific section of the report reflects worrying global trends, such as the following:

  1. 85% of respondents worry they will be a victim of cyber crime
  2. 26% of respondents share their bank account password with at least one other person
  3. 36% of parents are worried that their children’s online actions will put the family at risk
  4. The average time spent dealing with the impact of online crime was nine hours per person

The director of the FBI, James Comey, has said that the Internet is, “the most dangerous parking lot imaginable.”

Last week, a couple who said they had been victims of the TalkTalk breach, reportedly lost £9,000 from their bank account after being contacted by a caller purporting to be from TalkTalk.

Companies should regularly review the cyber threat landscape and the risks associated with those threats to ensure they know where the risks are coming from and are prepared in case of a breach.

If you are already conducting cyber security risk assessments, go for the easier option today by switching from spreadsheets to the definitive risk assessment software, vsRisk.

 

2 Comments

  1. Jeff 24th November 2015
  2. Julia Dutton 24th November 2015

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