Contact Your Financial Adviser Money Making MC
17
January 2017
 |
Data Records (The Total Investment & Insurance
Solutions)
More than
4.8 billion data records have been exposed since 2013 with identity theft being
the leading type of data breach, accounting for 64 per cent of all data
breaches, digital security giant Gemalto said on Tuesday. The Total Investment & Insurance
Solutions
According to
Gemalto's '2016 Data Breaches and Customer Loyalty' report, consumers put
responsibility for protecting their personal data firmly at the hands of the
organisations holding their data and not themselves. The Total Investment & Insurance Solutions
"Consumers
have clearly made the decision that they are prepared to take risks when it
comes to their security, but should anything go wrong they put the blame with
the business," said Jason Hart, CTO, Data Protection at Gemalto. The Total Investment & Insurance
Solutions
According to
9,000 consumers surveyed in India, Australia, Belgium, the Netherlands, and
Luxembourg, France, Germany, Russia, the UAE, Saudi Arabia, Japan, Britain and
the US, 70% of the responsibility for protecting and securing customer data
lies with companies and only 30% of the responsibility with themselves. The Total Investment & Insurance
Solutions
Nearly 58%
of the consumers believe they will be a victim of a breach at some point, and
organisations need to be prepared for the loss of business such incidents may
cause.
Only 30% of
consumers believe companies are taking their personal data protection very
seriously, the report noted. The
Total Investment & Insurance Solutions
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