Published On: Wed, Dec 2nd, 2015

You Should Know More About How Cybersecurity Works Today

Norton has long been in the business of keeping people and their technology more secure from ever evolving cybercrime methods. Norton Cybersecurity Insights Report is a survey demonstrating that people are more afraid for their online credit information than they are of physical theft. With cybersecurity making headlines around the world, it’s time for consumers to learn more about this threat to know how to stay safe. Norton by Symantec (NASDAQ: SYMC) has the stats to help:

- 62% of people think that a credit card is more vulnerable online than in a wallet.
- Most parents think that cyberbullying is more likely to occur than traditional bullying in a school setting.
- 70% of Americans are more worried about public WIFI safety than from getting sick from germs in a public restroom.
- Most Americans think that storing critical financial data in the cloud is more dangerous than driving without a seatbelt.

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“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.”

Clearly there’s a problem, and everybody knows it. But this doesn’t prevent America’s most tech-savvy generation, the Millennials, from acting like cybercrime doesn’t exist. 36% of them share passwords with friends for instance, a practice nearly absent from their more cautious Baby Boomer elders.

Lest you think this is an American phenomenon, statistics like the above were consistent across 17 countries surveyed. Respondents reported losing nearly 24 hours each year to all the time spent solving problems related to cybercrime. These people are spending and losing money too: $358 per person, on average. That’s a $150 billion tax on the global economy, all due to new methods of stealing people’s money and identity.

Almost 90% of people said they’re be devastated if their financial data was robbed from them. They expressed all kinds of ways that this sort of thing was distasteful. Most would rather, for instance, break off plans with a close friend for dinner, rather than jump through the hoops necessary to cancel a compromised credit account. 63% would rather endure the awkwardness of a bad date than have to deal with customer service after falling victim to cybercrime.

Most people report struggling with even the most basic cybersecurity measures: passwords. Secure passwords are a good way to keep people out of your personal data. These include at least 8 unique letters, numbers, and symbols. Still, most people have passwords that are much easier to crack, and some of these people share them with friends and family!

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.

About Symantec

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.

About the Author

- Paul Linus is an eminent online journalist who has been writing news, features and editorials on different websites from across the world for about a decade.