New McAfee Study Reveals Disparity Between Consumer Cybersecurity Concerns and Behaviors

New McAfee Study Reveals Disparity Between Consumer Cybersecurity Concerns and Behaviors

Sixty-one Percent of Consumers are More Concerned About Cybersecurity Today than Five Years Ago, But Few Take Proactive Steps for Protection

·         Thirty-four percent of individuals rank protecting their identity as their number one cybersecurity priority
·         Only 23% of individuals use an identity theft protection solution

Singapore, Jan 3, 2018 – Today, McAfee revealed findings from its survey, New Security Priorities in An Increasingly Connected World, showing that despite awareness of the need for cybersecurity, many consumers are not taking proactive steps to keep their personal information protected from identity theft. With the increased volume of attacks and breaches, 61% of consumers surveyed claimed that they are more worried about cybersecurity today than they were five years ago. Recent McAfee research reveals that 34% of consumers in Singapore rank protecting their identity as their number one cybersecurity priority ahead of protecting privacy, connected devices, data, and connected home devices.

Despite the growing risk of identity theft and fraud, only 23% of consumers have signed up for an identity theft protection solution. Additionally, 52% of consumers feel they lack control over their personal information.

Research indicates that the primary ways consumers rely on monitoring their identity include, checking online bank and credit card accounts for unauthorised charges (66%) and using credit monitoring services (18%). While these methods can be effective at monitoring, consumers need to understand that they are still vulnerable, and should take advantage of services that not only monitor but also protect against fraud, should it occur. When considering an identity theft protection solution consumers should look for a product that offers cyber monitoring of the dark web, and protection from change of address fraud.

Tips to Stay Safe Online and Protect What Matters Most
  • Do the little things. Cybercriminals don’t have to be great at what they do to steal your personal information. Minor tactics like changing default passwords right away, and using unique password can go a long way to prevent your personal information from being stolen.
  • Research before you buy. Look up products and the manufacturer before you buy. This simple step could save you from purchasing a product with a security vulnerability. If you find a manufacturer isn’t taking security seriously, then it’s best to avoid.
  • Use identity theft protection. An identity theft protection service helps monitor use of your personally identifying information, alerts you of potential problems, and provides insurance against financial losses and recovery tools in the event of ID theft or fraud.
  • Keep devices up to date. Updating device and application software when it becomes available from the manufacturer is an important step in personal security. Many new versions of software or operating systems contain specific security updates designed to protect the user.
  • Review your account info. Regular reviews of online bank and credit account transactions can help you spot suspicious activities or purchases. If you see something suspicious report it to your financial institution and law enforcement.

About McAfee McAfee is one of the world’s leading independent cybersecurity companies. Inspired by the power of working together, McAfee creates business and consumer solutions that make the world a safer place.
McAfee, the McAfee logo, are trademarks or registered trademarks of McAfee LLC or its subsidiaries in the United States and other countries. 

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