Nearly Nine Out of Ten Consumers Concerned About Data Security and Privacy

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by Angela Guess

A recent press release states, “Results of an international study from Verint® Systems Inc. have shown that concerns around data privacy and security remain at the top of the consumer agenda. Of more than 24,000 consumers surveyed across 12 countries by Opinium Research LLC, 89% think it is important to know how secure their personal information is, while 86% believe it’s important to know whether their data will be passed on to third parties for marketing purposes. The survey also highlights the continued importance of personalized customer service, with 80% of consumers liking service from their providers that is personalized to them and their needs. This introduces a challenge for many organizations because to provide highly personalized offerings they must have a greater understanding of their customers’ needs, purchasing histories and preferences. That translates into collecting, analyzing and holding customer data related to these preferences and behaviors. Together, this creates a dichotomy, as it’s very clear from the research that consumers have growing concern over their privacy and the use of the data.”

The release goes on, “Businesses seem to be on the same page as their customers, understanding the role that trust and transparency plays in building positive relationships with their base. A Verint business survey across 1,019 organizations in 12 countries found 94% agree that it is important to inform customers that their data is secure, and 96% understand the need to tell customers if their data will be passed on to third parties. As a result, they will have to ensure these high standards are maintained, as one misstep with a customer’s data can have disastrous effects.”

Read more at Business Wire.

Photo credit: Verint

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