Juice jacking, QR code scanning, form jacking—these are cybercrimes, and according to respondents of the latest Agency Forward survey conducted by Nationwide, many have never even heard of them.
- Concerns Are Mounting: 81% of consumers report being concerned about the risk of identity theft and 82% are concerned about the use of AI to steal someone’s identity.
Why It Matters: The Federal Trade Commission received 5.7 million total fraud and identity theft reports, of those 1.4 million (25%) were specific to identity theft.
The Big Picture: 74% of respondents in the survey said they think that identity theft is now a part of modern life. There is a widespread understanding that recovering your identity after it has been stolen is not a simple matter, and 82% said it would be difficult to recover.
“If you have ID theft coverage it will make your recovery process much easier and give you access to an entire team of resolution and cyber risk specialist,” said Beth Riczko, Nationwide’s President P&C Personal Lines.
- Yet only 20% currently have ID theft insurance—a coverage that can be surprisingly affordable and help you sort through the steps of getting your identity back.
Cybercrime Familiarity: respondents were more familiar with: 73% phishing, 66% fake job/lottery/prize scam, 59% website impersonation + public Wi-Fi hacking; and less familiar with: 43% form jacking, 38% QR code scam, 35% juice jacking.
While Most Are Taking Action to Reduce Risk, Many Still Reported Unsafe Habits
- 91% reported monitoring their financial accounts + securing Wi-Fi with strong passwords, and 88% are updating devices with security software.
More Effort Is Needed: Fewer are going to the extra mile when it comes to protecting themselves: 48% use VPN on public Wi-Fi, 42% subscribe to an ID theft monitoring service, 22% subscribe to a dark web monitoring service.
Vulnerabilities Reported: 54% use the same password on multiple sites, 39% use QR codes to make…
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