Sixty-nine percent of consumers feel businesses don’t take customer data security very seriously and 70% of them said they would stop doing business with a company following a data breach.

Amsterdam-based digital-security firm Gemalto also revealed in report ““Data Breaches and Customer Loyalty 2017,” customers expect businesses to protect personal data. The study based its findings on a survey of more than 10,000 consumers worldwide.

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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