McAfee’s Digital Wellness Delivers Online Protection As An Employee Benefit

The topic most top of mind today for HR professionals is keeping and acquiring great talent. One of the most important elements of doing both is providing a desirable and meaningful set of employee benefits.

Digital Wellness is a New Pillar in the Employee Benefits Space

The idea of Digital Wellness isn’t exactly brand new, but the world we’ve lived in for the past few years has cemented it into one of the main pillars of employee benefits, joining the traditional big three of Financial, Mental and Physical Wellness.

Employees Are Spending the Majority of Their Time Online

One of the main reasons Digital Wellness has become essential is that so many people have had to both live and work exclusively online for an extended period of time – spending 8+ hours a day on personal things in addition to all those hours they spend working via the web. Things like banking, telehealth and shopping to name a few.

84% claim internet banking is the most important channel while interacting with their bank¹
75% have used telehealth services in the past 12 months²
49% of consumers are buying online more³ and 41% of those are shopping daily or weekly via mobile or smartphone⁴

There’s almost no aspect of life that isn’t touched by the internet for most people, especially when adding their work environment into the mix.

Remote Work Isn’t Going Away

In addition to all the regular life they live online, employees have become accustomed to working remotely, even if it’s just part of the time.

36.2 million workers are predicted to be working remotely by 2025 – an 87% increase
from pre-pandemic levels⁵
59% of respondents in a study by Owl Labs said they would be more likely to choose an employer who offered remote work⁵
32% said they would quit their job if they were not able to continue working remotely⁵

With these kinds of stats, it’s hardly surprising that 74% of employers plan to maintain some sort of remote/hybrid workforce into the foreseeable future⁶.

Cybercriminals are Taking Full Advantage of All the Extra Traffic

The digital world has become a veritable smorgasbord for hungry cyber criminals. In fact, there’s been a 400% increase in cybercrime just over the last couple of years⁷. To put it in perspective, here are a few sobering statistics that happen on a daily basis:

3 billion phishing emails are sent by scammers⁸
24,000 malicious mobile apps are blocked on average⁹
6.85 million accounts are hacked¹⁰

Unfortunately, all this means that people are in a constant battle to protect themselves from cyber risk.

When Employees are at Risk, Their Employers are at Risk

With everyone going about their daily activities and working whenever and wherever they happen to be at the time, it’s probably no surprise that more than half of employees are using their personal devices for work¹¹. It’s just too convenient not to. However, when you also realize that 95% of breaches are caused by human error¹², this intersection between personal life and work-life becomes risky for both the employees and their employers. It’s no wonder that companies with a large number of employees working remotely have seen a 24% increase in breaches since the pandemic began¹³.

Cyber Risk has Placed Huge Financial Strains on Companies

When companies’ networks are breached it causes their customers to be vulnerable, risking a huge blow to their reputation and invoking serious fines and penalties due to compliance failures. And trying to get cyber insurance to protect against financial loss has become increasingly more difficult. A recent article by the Wall Street Journal reported that cyber insurance premiums rose 92% in 2021 and the hoops companies have to jump through are much more stringent to be eligible for the coverage – things like providing cyber education and ensuring they’re taking stronger steps to protect their network and customer data¹⁴.

In addition to the direct financial impact of cyber threats, there’s also the loss of human capital. It can take up to six months and up to 200 hours of a person’s time to address and correct identity theft¹⁵. If employees are focusing on digital healing, it’s a fair bet they’re not focusing as closely on their work.

To Achieve Digital Wellness, Employees – and Their Employers, Need Two Things

Preventative care is the first step toward Digital Wellness, and it consists of three, simple parts.

Knowledge is power as they say, so cyber education is key. For example, if an employee can identify those 3 billion phishing emails sent daily, they are much less likely to be wooed into clicking on dangerous links, and if they understand how important it is to create strong and unique passwords, they can help protect themselves even if they’re found in a data breach.
Ward off threats by installing device protection to safeguard people’s access points to the internet. This means protecting all devices (PCs, Macs, smartphones, tablets, and smart home devices) against digital dangers like viruses/malware, unsecured network connections (thanks but no thanks, random coffeeshop Wi-Fi!), and spoofed/unsafe websites.
Take back control of employees’ privacy and data. How? It can be done by doing things like installing a virtual private network (VPN) that encrypts unsecured Wi-Fi networks to make them safe from prying eyes, proactively monitoring the dark web for identity breaches and by identifying and cleaning up all the unneeded profiles that have been piling up over the years.

Restorative care is the second step in the Digital Wellness journey. If a digital threat sneaks through even after all the careful preventive care, it’s important to quickly remedy the situation.

Kick uninvited cyber criminals out as soon as they’ve been discovered by removing viruses, malware, ransomware, etc. from each infected device as rapidly as possible.
Identity stolen? Do a credit freeze then work on restoring your reputation by combating things like fraudulent unemployment claims, unauthorized lines of credit and unlawful home title transfers.
Leverage financial restoration options to fix your damaged credit score and make your pocketbook whole again through cyber breach insurance.

It’s Never Been More Important to Offer a Digital Wellness Solution as an Employee Benefit

Great benefits that have real meaning for employees are key to helping retain and acquire amazing talent. Providing an all-in-one and easy-to-use Digital Wellness solution designed to safeguard against compromised devices, privacy leaks, identity theft and other frustrating, time-consuming issues not only provides peace of mind for employees but also directly – and positively, impacts a company’s bottom line. Choosing a trusted cyber protection solution like McAfee for your Digital Wellness benefit will give your employees a brand they love and your company the advantage of 30+ years of experience protecting people from digital threats.

For more information on McAfee Digital Wellness, visit www.mcafee.com/employee-benefits-info or send an email to EmployeeBenefits@McAfee.com.

Footnotes –