Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

More than half of Australians at risk of cybercrime

  transform   transform
Reporter 4 minute read

New research has revealed that 51 per cent of Australian digital users are at risk of cyber security breaches, putting their identity and money under threat.

The study from industry super fund-owned bank ME found that of the 2,000 smartphone or tablet owners surveyed, 51 per cent failed scenarios that ascertained how well they could combat cybercrime.

Thirty-seven per cent of respondents rarely changed their PINs or passwords, 23 per cent used public Wi-Fi networks to access internet banking, 14 per cent saved their payment details on online shopping checkout forms and 5 per cent stored a photo or text file containing credit card numbers on one of their devices.

Only half (51 per cent) of respondents said they thought it was their responsibility to protect themselves from cybercrime, with 40 per cent saying the responsibility lies with big business hosting digital services such as internet banking. The remainder thought cyber security was the responsibility of government.

Advertisement
Advertisement

ME general manager, cyber security, Samantha Macleod, said the results were concerning, particularly given the rate of digital adoption.

“In today’s digital world, it’s never been more important to harness cyber safety advice to ensure we’re fully protecting our identities and funds,” Ms Macleod said.

“Government and businesses have a role to play, but so do individual consumers.

“These results suggest that staying informed about the capabilities of technology, as well as the implications and risks of sharing certain information online, is the best way forward.”

Ms Macleod suggested that users take advantage of password management apps to boost security when online.

PROMOTED CONTENT


[Related: Businesses failing on data security]

 

More than half of Australians at risk of cybercrime
  transform
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

  transform

 

more from the adviser
amanda stoker 850 ta

Breaking News

Assistant Minister for Women shares tips for women in finance

Senator Amanda Stoker, the Assistant Minister for Women, has shar...

money au ta

Breaking News

Business lender receives $87.5m ABSF investment

GetCapital is set to receive $87.5 million worth of mezzanine fun...

house construction new ta

Breaking News

Hot Property: The biggest property headlines from the week 13-17 September

The weekly round-up of the biggest news stories from across Momen...