Citizens Concerned about Cyber Security - 3 out of 4 Ready to Use their Right to be Forgotten

Citizens Concerned about Cyber Security - 3 out of 4 Ready to Use their Right to be Forgotten
27.01.2017 07:15 am

Citizens Concerned about Cyber Security - 3 out of 4 Ready to Use their Right to be Forgotten


Seven out of ten Swedes are worried about Internet security and more than one out of ten have been subject to data breaches. This is revealed in a new survey commissioned by software and services company Tieto. At the same time, nine out of ten people want companies who have been exposed to data breaches to inform them about it within 24 hours.

Next year, in May 2018, the new data protection regulation (GDPR) will come into force in the EU, which gives consumers the right to get their stored data removed from companies’ data register (“Right to be forgotten”). Businesses affected by cyber attacks or data breaches where sensitive information is leaked must also inform the authorities and affected customers (data subjects) of the incident within 72 hours.

To investigate how Swedes view these changes, Tieto has commissioned SIFO to ask more than 1,000 people about their attitudes to data protection and how companies treat personal data. The results show that 93 percent want organisations that have been subject to data breaches, where information is at risk of being leaked, to inform them of this immediately or within 24 hours. At the same time, 3 out of 4 (76%) state that they would consider requesting one or several companies to delete all stored customer and user data about them.

- Consumers are more and more engaged in how companies and organisations treat perhaps the most valuable access of all - namely, the data that is gathered about us. This development places new demands on companies, who need to show how and where they have their data stored. Users expect a high level of security and to be quickly informed about data breaches – and are also prepared to act in order to protect their integrity, says Maria Nordgren, Vice President at Security Services, Tieto.

Highest confidence for IT security in banking services

The survey shows that seven out of ten Swedes are worried about IT security and how personal information is treated in the digital services they use online. Confidence varies according to industry: 66 percent have high or very high confidence in the IT security of banking services, while the corresponding figure for government agencies, municipalities and counties is 54 percent. 18 percent indicate that they have high or very high confidence in IT security and the treatment of personal data in the retail and FMCG industry. At the bottom of the list are social media companies (9 percent) and dating services (4 percent).

- Banks and payment services are increasingly the target of a growing number of sophisticated attacks, but consumers still trust that their critical data and assets are safe. When it comes to social media and messaging services, more and more people are subject to various types of hacking and data breaches, where for example passwords and usernames get into the wrong hands. These experiences are more apparent on a personal and everyday level, which is also reflected in the confidence one has in the services´ IT security, says Maria Nordgren.

Related News

Increased Contactless Spending Could Be Linked to Higher Fraud and Payment Disputes, Warns Global Risk Expert

Monica Eaton-Cardone, COO and Co-Founder of merchant dispute specialist, Chargebacks911, and its revolutionary new financial institution brand, Fi911, warns of... Read more »

Sysnet Adds New Features to its Revolutionary Proactive Data Security Solution

Sysnet Global Solutions, the leading provider of cyber security and compliance solutions, is... Read more »

UK Banks Outperform Rest of Europe in Reducing Card Fraud

UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More... Read more »

Mortgage Lender Specialist Aldermore to Adopt the DPR Distribution Hub

DPR, the provider of savings and lending origination and servicing solutions, has announced Aldermore as... Read more »

TransUnion to Support Newly Promoted Leeds United

TransUnion – one of the UK’s leading credit reference agencies and a global information and insights provider – is celebrating the start of an exciting new... Read more »

SmartSearch ‘TripleCheck’ Sets a New Standard in AML Security

Anti-money-laundering (AML) specialist SmartSearch has launched TripleCheck, a ground-breaking new digital Know Your Customer (KYC) and AML solution.

... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel