15 March 2017

computer with codeWho are the most tech-savvy? Young people?

According to fraud prevention organisation Cifas, young people are increasingly being targeted by cybercriminals.

The number of under 30s targeted in 2016 reached almost 25,000 whilst the number of victims under 21 years old rose by a third in just one year.

I am not surprised to see these figures growing. When you think about it, more and more of us are moving more and more of our lives online, and the younger generation are leading the charge.

Whilst we would assume that young people would be the most tech savvy, because they’ve grown up alongside the tech, they’re also the ones adopting new products and services in droves.

Whilst we would assume that the older generations would be more susceptible to identity fraud, how many of your parents or grandparents bank online? How many have social media profiles or rely on email day-to-day? It stands to reason that those most likely to use these online services are the ones most open to exploitation.

That being said it is clear that there is still a big gap in education across all ages. I think the assumption is that under 30s know what they’re doing and they’re safest online but it’s not necessarily the case.

Cybercriminals are becoming increasingly sophisticated in their ploys, spoofed emails are incredibly convincing, especially when they look like they’ve come from your bank. It’s no longer just the threat of falling for an email from a Nigerian prince with £2 million to transfer to you; these are emails that look exactly like those from your bank, Paypal or other internet outlets. They trick you into clicking links which either install malicious software on your device, or the links send you to a spoofed web page from which they gather your login information. From there they can set up credit cards in your name or access multiple online accounts if you use the same password elsewhere.

That’s just one example.

In eight years UK identity fraud cases have grown from 77,642 in 2008 to 172,919 in 2016.

As we move further online in our personal lives, as well as our business lives, we need to ensure that security is the number one priority, rather than convenience.

If you have any concerns over security, contact our team at Secarma.

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