Consumers Don’t Trust Businesses Can Protect Their Data

High-profile breaches around the globe are putting consumers on edge and instilling a sense of mistrust that financial institutions and other businesses can deal with securing their sensitive information and data, according to two recent reports. In the past year alone, Equifax suffered a massive breach which exposed the personally identity information of 143 million consumers in the US and Yahoo announced its 2013 breach ultimately affected all of its 3 billion account holders.

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