Older Generations More Cyber Savvy Than Their Younger Counterparts

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Older Generations More Cyber Savvy Than Their Younger Counterparts

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Despite a never-ending cycle of cyber breach headlines, individuals continue to be underprepared for even the most common cyber exposures.
According to Chubb’s third annual Cyber Risk Survey, which examined individuals’ comprehension of cyberrisk and the steps they are taking to protect themselves, complacency seems to have taken hold: eight-in-10 Americans continue to be concerned about a cyber breach, yet only 41 percent use cybersecurity software and only 31 percent regularly change their passwords.
According to Chubb’s survey, individuals don’t recognize the value of individual pieces of personal data.
For example, just 18 percent of respondents are concerned about their email addresses being compromised.
Similarly, only 27 percent of respondents cite concern about their medical records being breached.
The UK’s National Cyber Security Centre (NCSC), which analyzed passwords belonging to accounts worldwide that had been breached bares the Chubb survey out.
But “123456” was the most common password, with 23.2 million accounts using the easy-to-decipher code.
Chubb survey results indicate that a consistently large portion of older respondents employ better cyber practices than younger generations.
Per the survey, 77 percent of those 55 years and older delete suspicious emails, compared to half (55 percent) of respondents between 35 to 54 and just a third (36 percent) of respondents from 18 to 34.
Similar patterns arise when looking at those enrolled in cybersecurity monitoring services, where 53 percent of respondents over 55 are enrolled in a cybersecurity monitoring service.
But this same service is used by only 1 percent of respondents between 35 to 54 and just 29 percent between 18 and 34.
More concerning is that the behavior of younger generations appears to be getting worse, the Chubb report noted.
The importance of talking with an independent agent and broker about coverage for a cyber-related incident

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