Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >HOME TRUTHS: CYBER THREATS HUGELY UNDERESTIMATED
    Technology

    Home Truths: Cyber Threats Hugely Underestimated

    Published by Gbaf News

    Posted on December 10, 2016

    7 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    Image of Kim Leadbeater addressing the media about proposed changes to the UK's assisted dying law, emphasizing the removal of High Court judge sign-off to enhance the legislative process.
    Lawmaker Kim Leadbeater discusses UK's assisted dying law changes - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    BY OVER A THIRD OF BRITS

    Young people now equally as likely to fall victim to digital crimes as physical crimes

    But 60 per cent of Brits wrongly think their home is more vulnerable to a physical break-in 

    Bitesize_Cybercrime threat underestimated

    Bitesize_Cybercrime threat underestimated

    Significantly more Brits (60 per cent) believe they are more likely to fall victim to a physical home break-in than those fearing a digital crime (37 per cent), according to new research from BT. This is despite the fact that, on average, people aged 16-44 years are now almost as likely to suffer a digital crime (15 per cent) as a home break-in (17 per cent).

    The research has revealed that just over a third of Brits (34 per cent) do not consider poor digital security as being a risk to their home.

    Bitesize_Keeping kids safe online

    Bitesize_Keeping kids safe online

    And despite calls for greater awareness of cybercrime, only 10 per cent of people think their Wi-Fi or smartphones could be the most likely source of a crime, compared to 51 per cent who believe their front doors, windows or back door are more likely to be targeted.

    Worryingly, UK citizens are failing to take advantage of the free security solutions made available to them by their phone and broadband providers.

    Bitesize_Younger doesn't mean tech savvy

    Bitesize_Younger doesn’t mean tech savvy

    Only a third of parents and guardians (36 per cent) take advantage of parental control technology to manage web access. This is despite the fact that almost half (49 per cent) of parents are concerned about their children falling victim to cybercrime and 39 per cent admitting that their child has accidentally seen inappropriate content online.

    The research highlights worrying security gaps amongst ‘tech savvy’ younger generations. Password protection is the biggest issue for 16-24 year olds, with 40 per cent admitting that they use the same password on all devices. Amongst respondents aged 25-34 years – the age-group most likely to be first-time buyers – almost a quarter (24 per cent) admit they’re not confident about the digital security of their homes.

    Mark Hughes, CEO, BT Security, said: “People must ensure that they are protecting themselves and their family from increasingly sophisticated cyber threats such as phishing emails, malware, and inappropriate web content.”

    “Customer protection is a top priority for BT. We are continually developing our security portfolio to ensure our customers have best-in-class, built-in internet security across all web-connected devices, through solutions such as BT Web Protect, BT Virus Protect and BT Parental Controls.”

    Commander Chris Greany, City of London Police and National Co-ordinator for Economic Crime said: “The Crime Survey of England and Wales showed that people are much more likely to be a victim of digital crimes in the UK, with almost half of all crime now either fraud or cybercrime. Just as people protect their home from burglary so they also need to protect their digital presence. Many broadband and telephone providers now offer free security solutions and we strongly encourage everyone to take advantage of these, to ensure they are protected against the less visible dangers online and over the phone.”

    Alex Dewdney, NCSC Director for Engagement, said: “New research from BT suggests a mismatch between ‘awareness’ and ‘action’ when it comes to cyber security. People say they see the effects, but are finding it hard to take the steps needed to avoid on-line fraud.  Most people say they are as confident in their home’s digital security as they are its physical security.  In reality we think more support is needed to help people understand how they can stay safe on-line.  The government’s new National Cyber Security Centre is working with BT and other key partners to meet this challenge and find ways of enhancing cyber security for all.”

    Nick Viney, VP EMEA Consumer, Intel Security, said: “The reality is that digital crimes are thriving. Recent research from Intel Security showed that stolen credit and debit card data can be bought and sold for between £13 and £23 in the UK alone. Cyber criminals are becoming increasingly clever and it’s important that we stay one step ahead of the cyber criminals – caution is the best way forward here.”

    BT-Security_Home-safe-home_

    BY OVER A THIRD OF BRITS

    Young people now equally as likely to fall victim to digital crimes as physical crimes

    But 60 per cent of Brits wrongly think their home is more vulnerable to a physical break-in 

    Bitesize_Cybercrime threat underestimated

    Bitesize_Cybercrime threat underestimated

    Significantly more Brits (60 per cent) believe they are more likely to fall victim to a physical home break-in than those fearing a digital crime (37 per cent), according to new research from BT. This is despite the fact that, on average, people aged 16-44 years are now almost as likely to suffer a digital crime (15 per cent) as a home break-in (17 per cent).

    The research has revealed that just over a third of Brits (34 per cent) do not consider poor digital security as being a risk to their home.

    Bitesize_Keeping kids safe online

    Bitesize_Keeping kids safe online

    And despite calls for greater awareness of cybercrime, only 10 per cent of people think their Wi-Fi or smartphones could be the most likely source of a crime, compared to 51 per cent who believe their front doors, windows or back door are more likely to be targeted.

    Worryingly, UK citizens are failing to take advantage of the free security solutions made available to them by their phone and broadband providers.

    Bitesize_Younger doesn't mean tech savvy

    Bitesize_Younger doesn’t mean tech savvy

    Only a third of parents and guardians (36 per cent) take advantage of parental control technology to manage web access. This is despite the fact that almost half (49 per cent) of parents are concerned about their children falling victim to cybercrime and 39 per cent admitting that their child has accidentally seen inappropriate content online.

    The research highlights worrying security gaps amongst ‘tech savvy’ younger generations. Password protection is the biggest issue for 16-24 year olds, with 40 per cent admitting that they use the same password on all devices. Amongst respondents aged 25-34 years – the age-group most likely to be first-time buyers – almost a quarter (24 per cent) admit they’re not confident about the digital security of their homes.

    Mark Hughes, CEO, BT Security, said: “People must ensure that they are protecting themselves and their family from increasingly sophisticated cyber threats such as phishing emails, malware, and inappropriate web content.”

    “Customer protection is a top priority for BT. We are continually developing our security portfolio to ensure our customers have best-in-class, built-in internet security across all web-connected devices, through solutions such as BT Web Protect, BT Virus Protect and BT Parental Controls.”

    Commander Chris Greany, City of London Police and National Co-ordinator for Economic Crime said: “The Crime Survey of England and Wales showed that people are much more likely to be a victim of digital crimes in the UK, with almost half of all crime now either fraud or cybercrime. Just as people protect their home from burglary so they also need to protect their digital presence. Many broadband and telephone providers now offer free security solutions and we strongly encourage everyone to take advantage of these, to ensure they are protected against the less visible dangers online and over the phone.”

    Alex Dewdney, NCSC Director for Engagement, said: “New research from BT suggests a mismatch between ‘awareness’ and ‘action’ when it comes to cyber security. People say they see the effects, but are finding it hard to take the steps needed to avoid on-line fraud.  Most people say they are as confident in their home’s digital security as they are its physical security.  In reality we think more support is needed to help people understand how they can stay safe on-line.  The government’s new National Cyber Security Centre is working with BT and other key partners to meet this challenge and find ways of enhancing cyber security for all.”

    Nick Viney, VP EMEA Consumer, Intel Security, said: “The reality is that digital crimes are thriving. Recent research from Intel Security showed that stolen credit and debit card data can be bought and sold for between £13 and £23 in the UK alone. Cyber criminals are becoming increasingly clever and it’s important that we stay one step ahead of the cyber criminals – caution is the best way forward here.”

    BT-Security_Home-safe-home_

    More from Technology

    Explore more articles in the Technology category

    Image for Innovation Through Partnership: The Role of External Tech Teams
    Innovation Through Partnership: The Role of External Tech Teams
    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Image for Entrepreneurial Discipline in the AI Economy: Insights from Dmytro Lavryniuk
    Entrepreneurial Discipline in the AI Economy: Insights From Dmytro Lavryniuk
    Image for Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Image for Call for Entries: Best Digital Wallet 2026
    Call for Entries: Best Digital Wallet 2026
    View All Technology Posts
    Previous Technology PostFour Lessons From 2016 That Will Define Approaches to Cybersecurity in 2017
    Next Technology PostLightcyber Reinvents Intrusion Detection to Meet Pci Dss Requirement 11.4