I, like those of you reading this who grew up in the 90’s, being born into the digital age was, and is, an absolutely wild time to be alive.
For the generations before us looking in, seeing the birth of the Cellphone, LED TV’s… The Internet is completely world changing. But for us, the ‘Millennials’, the timing was of Goldilocks level – Just right. Allowing us to ride the technological wave into the future devouring new concepts, idea’s and content along the way like the hungry self-proclaimed media addicts we are.
Gratefully all that exposure has resulted in a high level of ‘cyber street-smarts’ among the millennial generation. Millennials have little to no trust that online businesses will safeguard their personal information and will often refuse to give up any personal information online. Most use multiple layers cyber protections and over 15% regularly check the dark web for leaks of their personal data or use data breach search websites according to Informationage.com.
That being said, a shocking 80% of the population admitted to using the same password across all login platforms, from business to personal – So are our passwords that amazingly uncrackable or are we just lazy, like the Baby boomers said.
As it turns out… Drum roll please….
We are lazy, or at least suffer from a form of cognitive dissonance regarding, in one form or another, being hacked. Millennials, for all our online paranoia leave ourselves wide open to common hacks simply through our online behavior. Statistics show 86% store bank account information on their phones, and 84% check financial accounts while connected to less secure public Wi-Fi networks, only 33% lock their cellphones with a password and 36% readily share login details to media sites such as Netflix with friends and family – as stated by Money.com
Enough with the numbers, why are we as millennials leaving ourselves open to attack when we are presumably so technologically astute when compared to generations passed, and what does this mean for the companies you choose to employ us?
Trust, it all comes down to trust. Millennials are far more open to putting their trust in the machine or a program (The banking app on your phone) and less in our fellow man (Online Booking details for that weekend away). From a business security point of view there are many ways to mitigate risk of attack, implementing trusted security vendor products across your network is a great and effective start. However, the biggest hole in the cyber security fence is the shape of a person, and the only patch is education. Educating staff and importantly us millennial rule benders is the best answer to reduce the above behavioral practices and reduce the threat human factor to your business.
By Scott Hayward