Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

THE MAJORITY OF BRITISH ADULTS ARE CONCERNED ABOUT THE SECURITY OF DATA HELD ABOUT THEM BY PUBLIC SECTOR ORGANISATIONS

THE MAJORITY OF BRITISH ADULTS ARE CONCERNED ABOUT THE SECURITY OF DATA HELD ABOUT THEM BY PUBLIC SECTOR ORGANISATIONS
  • 83% of British adults are uneasy about sharing information with public sector organisations
  • A third of concerns raised by the 2017 NHS ransomware attack
  • 87% of people are concerned about the security of data held by the NHS

AHEAD of the introduction of new GDPR legislation which will punish businesses for poor data protection, new research has revealed just how little trust consumers have for public sector online services and use of their data.

A survey of 500 UK adults, commissioned by Probrand.co.uk, and published in the Public & Private Sector Services Audit revealed that 83% of British adults are uneasy about sharing their information with the servers or websites of public sector organisations in particular.

The research revealed that 1 in 3 (34%) began harbouring these concerns following the 2017 NHS ransomware attack in 2017 which saw thousands of appointments cancelled.

The research found that the British public has less faith in some public sector organisations than others, with the security of the National Health Service (NHS)

systems raising the biggest concern for 87% of people.

Of those respondents who said they had worries about cyber security within the NHS, 34% stated they were ‘very concerned’ about this.

85% of the population said they were concerned about the security of data held by Her Majesty’s Revenue and Customs (HMRC) which can include everything from income tax records to child benefit information meanwhile, 81% are worried about the data held about them by local government websites and servers.

Data revealed that 80% of British adults said they are concerned about the security of data held about them by the Driver and Vehicle Licensing Agency (DVLA), while 78% are anxious about the data held with the Police force.

Matt Royle, marketing director at Probrand, said: “The research clearly indicates the ongoing reputational risk and damage of cyber threats like the NHS ransomware attack.  It has impacted perceptions of the wider public sector and beyond.

“Private and public sector organisations must reassure customers about the security measures they have and ensure best practice policies and procedures are in place to train and direct employees, encrypt, store, backup and transport personal and business critical data securely. Equally, have a well rehearsed response plan should a breach occur.

“Importantly, as the depth of personal data has increased along with the threats to acquire this valuable data, so the EU has applied measures to make organisations more accountable for data protection.

“Now is the time for organisations to bring their data protection up to speed and regain customer trust in the services they provide in doing so.”

From 25th May 2018, the new General Data Protection Regulation (GDPR) will supersede the UK Data Protection Act 1998.  Companies who do not comply or are found to be in breach of it, or whose systems are breached and public data is lost as a result, could be forced to pay fines up to 20 million Euro or 4% global turnover, plus pay compensation for damages suffered.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post