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October 2, 2015

Younger Americans more concerned about cyber threats

The younger you are the more you worry about cyber threats. That’s a major finding of Travelers’ third annual Consumer Risk Index.

People are most worried about their bank accounts being hacked. Americans under the age of 55 are generally more likely to worry about what the research called “a great deal” about cyber risks than those over 55.

The report found cyber-related concerns grew by more than 20 percent from 2014. It is now the third-ranked concern overall. The survey found that one in four Americans say they have been the victim of a data breach or cyber attack. “Cyber threats are joining the ranks of the conventional issues that individuals have worried about for decades,” said Patrick Gee, senior vice president, Claim at Travelers in a news release. “Many may be feeling more vulnerable to cyber risks as Americans are becoming increasingly reliant on technology in nearly every aspect of their daily lives.”

When they’re not online, Americans are really worried by what’s happening outside. Ninety percent of respondents are concerned about getting into an accident due to someone else’s distracted driving. Yet only 37 percent are worried about their own distraction causing an accident.

The Travelers research also found a consistent two-thirds of respondents have indicated that they believe severe weather is becoming more frequent in the U.S. Rounding out Americans’ major concerns is risk preparation. One common technique is storing food, water, and flashlights.

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