More people, than ever, are now taking concrete steps to protect their personal information and data from cyber attacks. While the progress is encouraging, poor cyber security behaviours remain far too common, according to the 2022 edition of the Chubb annual study on cyber risk.
The Chubb Fifth Annual Study on Personal Cyber Risk revealed that in 2022, more than half of Americans and Canadians (51%) reported using multi-factor authentication to log into their online accounts, which is twice the level found in the 2021 survey.
Nearly 80% say they prefer to use multi-factor authentication. Adoption of practices such as regularly clearing browser histories and using password protection apps, pop-up blockers and malware protection were also up significantly from 2021.
People have trouble keeping track of their passwords and are annoyed when they have to change them. Three in five (61%) report having trouble keeping track of their passwords. A similar share (63%) gets annoyed when they are forced to update their passwords.
Chubb North America personal risk services division president Ana Robic said, “Our fifth annual report on personal cyber risk has a compelling narrative: Awareness of and concern over cyber threats is high and growing. At the same time, people are annoyed and frustrated by taking actions to protect themselves online. Thankfully, the gap between awareness and action has started to narrow."
"While the progress is encouraging, risky behaviours are still too prevalent. Individuals and families should remain vigilant in defending themselves against cyber perils and know that there are risk management solutions to help ensure protection in the event of a personal cyber incident."