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Consumers admit the need of personal data management

Thursday 23 April 2015 00:29 CET | News

99% of consumers admit to having some form of sensitive data, including personal financial, healthcare and authentication-related data, they need to manage, a recent study shows.

According to a research conducted by Druva and Dimensional Research, 84% of respondents report plans to boost their efforts to protect the privacy of sensitive data. There are problems with enforcement, however, with almost 84% of respondents reporting that employees don’t follow data privacy policies.

The shift towards the cloud is also having an impact, nearly 90% of respondents indicated that their volume of data stored in the cloud will increase through 2015 and 87% of companies reported being concerned about data privacy in the cloud.

Findings reveal that 81% said their business has data privacy requirements they must meet for compliance and governance regulations. Insufficient employee awareness and understanding of data privacy policies was cited by 56% as a major challenge to ensure privacy of sensitive data, and 67% reported that meeting regional requirements for data privacy is challenging.


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Keywords: online authentication, online security, web fraud, digital identity, privacy, data protection, consumers
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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