Cybercrime has cost victims $126 billion worldwide and it has indeed established itself as a criminal enterprise. Every day, we see headlines on security and data breaches, invasion of privacy, and hacking. Cybercriminals continue to innovate new ways to attack and both private and public sectors remain vulnerable.
Studies have shown that millennials – those who are born between 1982 and 2004 – are among the top victims of cybercrimes. According to a 2016 report by Norton Cyber Security, 40% of millennials have fallen victim to cybercrime in the past year. Eighty-six percent of those surveyed said that they might have experienced a phishing incident, with 30 percent unable to detect a phishing attack.
Millennials are digital natives, and they are undeniably more tech-savvy than the previous generations, so why would they be the most vulnerable to cybercrimes? Despite being the more tech-savvy set, it is worth noting that millennials experienced two different eras of technological developments. Witnessing the internet from its early stages – the slow connection and the huge computers – to the accelerated rise of social media,smart phones, and wireless connection must have made them a bit cavalier when it comes to their online activities.
True enough, reports blame unsafe online practices for this problem. Millennials can be promiscuous when it comes to their login credentials; they tend to share their passwords to friends and family members. This lack of caution, paired with the use of vulnerable media online, spells security trouble. Another reason is their use of public and unsecured WiFi networks for online transactions,resulting in sensitive information and credentials to become vulnerable. Most millennials are also lax in terms of using third-party applications, answering online surveys, and providing access to files and documents in online platforms.
How do you protect yourself from cybercrimes?
Contact us at Hogan Injury for expert legal advice.
None of the content on Hoganinjury.com is legal advice nor is it a replacement for advice from a certified lawyer. Please consult a legal professional for further information. Originally posted on HoganInjury.com
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Marketing Coordinator for EquiiText, Chantel is a graduate of creative writing and English studies from the University of Nevada, Las Vegas. She loves animals and traveling around the world.