Study shows Americans are a cocky bunch when dealing with cybersecurity

To a group of survey respondents, it seems if they can't see cybersecurity, then it must not exist. Sixty percent of respondents to a survey by Blumberg Capital, an early-stage venture capital firm, believe that they have never been a victim of cyber hacking or are unaware if they have.

But it seems they wouldn't know a cybercrime if it came up and bit them. Forty-five percent of respondents admitted to not being able to recognize a cyber crime unless contacted by a vendor or law enforcement authorities.

That seems hard to believe when the Insurance Information Institute claims that in the U.S. $15 billion was stolen from 13.1 million American consumers in 2015.

"Consumers and businesses alike all face open hacking and virus threats on a daily basis, yet according to the survey 45 percent of people admit to not being able to recognize a cyber crime unless contacted by a vendor or law enforcement. Making matters worse, the more dangerous threats in the deep and dark web are often unseen and go undetected by many security vendors and experts," said Guy Nizan, CEO and founder at IntSights.

Blumberg's survey of 1,012 people showed 63 percent of respondents rate their knowledge of cybersecurity equal to or higher than the likes of Donald Trump and believe they know as much as Hillary Clinton (62 percent), their employer's IT departments (57 percent), FBI director James Comey (44 percent) and CIA director John Brennan (42 percent).

"The data is clear: cyber attacks are far more prevalent than we think they are, and they can be devastating for consumers as well as businesses. Just as individuals should take care to secure their data and use only trusted online payment services and websites, businesses must implement the practices, tools and insurance necessary to protect their investment," said Keith Moore, CEO at CoverHound and CyberPolicy.

It is also astounding that only 7 percent of those surveyed are worried about keeping nude photos of themselves off the internet or at the very least secure. Another 5 percent find dating sites to be the least trustworthy with their personal information.

"Consumers vastly underestimate cybersecurity threats and don't know how to identify, respond or protect themselves from future attacks," said David Blumberg, founder and managing partner of Blumberg Capital. "The cybersecurity landscape is complex and ever-evolving. Bad actors are constantly finding new ways to bypass security measures to infiltrate confidential systems and steal information or sabotage infrastructure. Even experts can miscalculate how to mitigate risks and existing security solutions are no longer enough, especially in areas such as IoT or cloud security."

You can read the full article here at CSO.

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