UK consumers are growing increasingly concerned over how companies - and the Government for that matter - protect their sensitive personal data, with two-fifths (41%) believing firms should do more and over a quarter insisting there is currently not enough state support for data security and cyber-protection.
Businesses are ignoring potentially valuable data and do not have the resources to take advantage of it, and, although they recognise the value of using all of their data, most do not even know whether this information exists or how to find, prepare, analyse or use it.
There is huge demand from private, public and third sector organisations in both the UK and overseas to explore data trusts, with most participants enthusiastic and eager to find ways of sharing data while retaining trust, and still deriving benefits for themselves and others.
Five major banks - including Lloyds, HSBC and Santander - have been heavily criticised by UK’s Competition and Markets Authority for dragging their heels over the delivery of Open Banking within their mobile apps.
The Government has hailed the new tougher data protection regime, ushered in with GDPR and the UK Data Protection Act 2018, for a reduction in the number of businesses suffering a cyber breach or attack in the past year.
DataIQ is running a survey into how organisations are balancing consumer rights and privacy with their own data needs, all within an ethical framework. Tell us how you are tackling this issue and you could win an Amazon Echo. Take the survey at https://www.research.net/r/M3NZ2PH
Nearly three-quarters of government organisations are leaving online users exposed to potential email fraud and phishing attacks by failing to adopt an industry best practice validation system, with just over a week to go before the existing public sector domain platform is axed.