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Cyber crime is becoming more of a reality than ever before

98% of adults aged 16 to 34 are now online, using various devices around the UK. In the last 2 years adults aged 65 and over have increased their online usage, rising from 33% to 42%.

With the increase in online activity at present, there has inevitably been an increase in the amount of mobile devices being used to gain internet access, such as smart phones and tablets. Ofcom reported, that there has been a large incline within the over 65 generation in the use of tablets it has more than trebled, going from 5% to 17% in the past two years.

The 65 and over generation are usually encouraged by their family, friends and colleagues to become more active on the internet, specifically when it comes to online banking. However, there is an increased security risk for the 65 and over generation in this area, due to limited risk awareness or exposure to cyber crime.

Cyber crime encompasses a wide range of activities, but these can generally be broken into two categories crimes that target computer networks or devices (these types of crimes include viruses and denial-of-service attacks) and crimes that use computer networks to advance other criminal activities (these types of crimes include cyber stalking, phishing and fraud or identity theft).

Simon Hockridge, who leads the Fraud/AML Prevention unit at IQ Executive, commented, “It is paramount that businesses secure their online presence. We have worked with many organisations to address their cyber crime requirements in order to support their customers and keep their records and data protected. “

David Di Domenico, the business leader at IQ Analytics commented, “Analytics, data sharing and information security play a very crucial role in ensuring cyber crime is prevented. It needs to be combated across the financial services industry to give a greater degree of comfort to those individuals and companies who would otherwise be potential targets by existing criminals.”

The Ofcom report goes on to show that those aged 65 and over are the least likely out of any age range to invest in security features for their computers. As a result this makes them much more vulnerable to information theft - cyber crime.

Even though it is clear that the 65 and over generation seem to be more vulnerable targets for this kind of crime, the under 65’s aren’t left unaffected either. 79% of those aged 16 to 24 use some kind of anti-virus software, but 28% of this generation still say that they experienced a computer virus over the past year.

The government has announced the launch of Cyber Crime Reduction Partnership (CCRP) in an attempt to prevent cyber crime. It is aimed at tackling global cyber crime through the joint efforts of the police and industry experts. James Brokenshire, the Security Minister will lead the CCRP with Science Minister, David Willetts. 

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