In a world increasingly driven by data, it’s never been more important for businesses to practise responsible data protections and reaffirm consumer confidence.
Firms should be aware that commitment to data privacy is a fundamental part of a business’s license to operate in the modern economy. Those that don’t show such commitment could potentially lose a significant amount of their customer base.
The CBI recently launched a survey, Trust in Tech, at our annual Cyber-security Conference, where the research showed that how a company handles personal data is a top priority for potential customers and business partners. Almost 9 out of 10 people regard good data security and the protection of personal information as the key priority for them when deciding where to spend their money.
The conference emphasised why developing a cyber-security strategy should be a top priority, for two main reasons. The first, of course, is that security itself is vital. As businesses increasingly move from the physical to the digital, cyber-security has become central to a company’s very existence.
But the second, and perhaps mor
Exclusive My CBI member-only content 
