Risk Conversation®

When was the last time you logged into your computer, connected to an app via your smartphone or asked your internet-connected personal assistant a question? Chances are, it was just a few minutes ago.

While there are significant benefits such technologies bring to our lives (namely convenience), it’s important that we don’t overlook the corresponding cyber exposures. The good news is that most Americans recognize these risks, with 86% reporting that they are “very” or “somewhat” concerned about their cyber exposure in a recent Chubb survey. The bad news, however, is that such concern doesn’t always translate into action.

Why the mismatch? The answer is that most don’t understand the full extent of their cyber vulnerability. Consider:

• Ransomware is one of the most popular forms of cyberattacks. Despite that, 50% of those surveyed could not accurately identify the definition of this type of cyberattack.
• Security firm Symantec reports that attacks through increasingly popular “Internet of Things” devices such as home thermostats, security systems and even dolls rose 600% in 2017. Despite this, just 15% of those surveyed regularly change their WiFi password, a critical cyber deterrence when it comes to safeguarding such devices.

What can you do to help ensure you’re cyber secure?

• Back up your computer regularly and make sure antivirus and anti-malware software are installed and active.
• Turn off all internet-connected devices when you’re not using them.
• Never discus anything private in front of home voice-activated smart speakers or other internet-connected devices.

Want to learn more about the cyber risks you and your family face? Check out our full cyber survey report available here.