McAfee: Profound Shift in Everyday Technology Highlights New Landscape of Personal Security
McAfee Corp. (Nasdaq: MCFE) today announced findings from its 2021 Consumer Security Mindset Report revealing that while the shift to a digital-first life was brought on by the global pandemic, U.S. consumers plan to keep it up – with online banking (61%), social engagements (56%), and personal shopping (52%), at the top of the list.
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With the increase in activities online, consumers are potentially exposed to more cyber threats. Notably, 2 out of 3 people in the U.S. (66%) say they’re concerned about today’s cyber risks, with 1 in 3 (29%) respondents admitting that they are not confident in their ability to prevent a cyber-attack.
As consumers continue to adapt to and embrace their new digital worlds, cyber criminals are taking note and looking to take advantage. The more time consumers spend online interacting with various applications and services, the greater their exposure to potential risks (such as third-party breaches) and threats (such as phishing attacks or fraud).
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Consumer Digital-First Mindset Influenced by Shopping Habits
Consumers’ buying habits indicate how they are going about their new digital-first lives, with 70% of respondents saying they’ve purchased at least one connected device in 2020, while 1 in 3 bought three connected devices. However, only 50% took action by purchasing security software, and only 1 in 4 admitted that they actually check if their security software is up to date.
Consumers are also becoming more comfortable with sharing information online which is a big risk – especially as services often ask for multiple contact points. Notably, McAfee’s report found that 77% of respondents indicated that they started using features designed for convenience in 2020, such as text and email notifications (47%), opt to stay logged in / remember user credentials (27%), and store & auto populate credit card details for faster check outs (24%).
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