IconAppraisers and Valuers
IconAssociations and Institutes
IconBBBEE Consulting and Verification Agencies
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDefensive Driver Training
IconEmergency Medical Rescue
IconForensic Investigation Services
IconInsurance Brokers - Alphabetical Listing
IconInsurance Brokers by Type of Product or Service Needed
IconInsurance Companies
IconInsurance Consultants
IconLightning Damage & Surge Protection Specialists
IconOnline Quotes and Cover
IconPremium Financing
IconPublic Loss Adjustors
IconRating Agencies
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconTelephone Quotes
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
Advertise Here
  Subscribe To »

SAFPS says youth might be at risk online with too much data sharing






As Youth Month draws to a close, Manie van Schalkwyk is concerned about data and the security issues that pertain to it.

“Where do millennials stand in this era of unlimited data and heightened vulnerability,” asks Van Schalkwyk, head of the South African Fraud Prevention Service.

Are they comfortable or are they conservative? “It’s a delicate balance says Van Schalkwyk, “but ultimately it comes down to the individual and their various reference groups: parenting, cultural, friends, schooling etc.

“Compared to other generations, millennials are more idealistic and less constrained,” says Larry Alton in his article, How Millennials Think Differently About Online Security: Forbes: “They grew up in an age of internet access and digital devices and are more connected than any generation before them.”

Van Schalkwyk adds, “It appears this environment sets up two choices:  either millennials are increasingly aware and concerned or they are aware and not at all concerned.”

However, having grown up in the digital age, some with exposure from the age of four years old, the digital universe is a comfortable place and issues of trust do not carry the same concerns for them as they might have for their parents’ generation, he adds.

According to a Gallup poll, Alton says, millennials have more trust in institutions that guard their personal data. “Millennials have higher trust in almost every category, including banks, health insurance companies, credit card companies, cellphone companies, email providers, and brick-and-mortar retailers.”

Also, millennials appreciate online targeting that serves their needs in preference to ‘spamming’ that has no relevance, Van Schalkwyk adds.

“They’re aware of the risks of having data stored online, and know that they’re vulnerable, but have enough trust that nothing terrible will happen to them,” Alton says.

Van Schalkwyk adds, “They’re comfortable with the idea that their personal data is online and available to a wide range of advertisers but have no real fears about seriously adverse consequences.”

“They take responsibility for their own data, sharing it judiciously, changing their passwords often, and avoiding sharing information with questionable outside sources. Since the majority of data breaches are caused, to some degree, by human error, this is a positive quality to have’ Alton says

Millennials think differently about online security because they’ve grown up in the digital age.

According to Danny Bradbury writing in the Guardian “Employers take note: millennials are well-versed in online privacy, “While many use social networks such as Facebook and Twitter, they have an aversion to drama, and often take steps to limit the kinds of information available about themselves online,

“There’s no “right” philosophy but the better you understand online privacy and security concerns the more effectively we can address online security individually and professionally. Companies may want to think about investing more heavily in IT and online security in this age of data abundance that increases both individual and corporate exposure,” says Van Schalkwyk. 

Source: Bullion PR & Communication
« Back to previous page Print this page » |

Breaking News »

SAIA welcomes City of Johannesburg’s assembly of 40 new fire engines

The South African Insurance Association (SAIA) welcomes the recent announcement made by the City of Johannesburg confirming that an initial order to the value of R216 million for fire engines and other fire emergency ...
Read More »


Introducing Our New Website!

The Insurance Gateway® team is excited to share our new website with you. Given our strategic objectives for 2019 and the fact that our last website redesign was over five years ago, we decided on a much anticipated ...
Read More »


What thinking about spending can teach us about saving

By Nirdev Desai, Head of Sales at PSG Wealth In our modern economy, money is a means to survival. You need to provide for your basic needs – a roof over your head, food on your table, transport, clothing ...
Read More »


Tragedy reminds property owners to check insurance cover

Bertus Visser, Chief Executive of Distribution at PSG Insure   Tragedy due to gas explosions struck twice within days of each other this July. In the first incident, several buildings were destroyed ...
Read More »


More News »


Healthcare »


Investment »


Life »


Retirement »

Advertise Here
Advertise Here

From The Glossary »


Short Bonds:

Bonds with short (not much time to maturity) current maturities.
More Definitions »






Contact IG


Media Pack


RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2019. All Rights Reserved.