Trust is up, but can brands keep it?
One of the biggest threats to trust today is also one of the more challenging for businesses: data privacy. Only 15% of consumers “absolutely” trust brands with their data, leaving 85% with lingering doubts about whether their personal information is truly secure and handled responsibly.
Even more concerning is that 61% of consumers feel brands don’t have their best interest at heart when it comes to personal data. Turns out, consumer skepticism might be warranted: 90% of organizations admit they’ve faced compliance challenges.
Businesses’ most common challenges? Fifty-three percent have experienced data protection and privacy issues and 51% have struggled with cybersecurity and threat mitigation. That doesn’t exactly inspire confidence.
While trust is on the rise, it’s anything but guaranteed. To maintain it, brands must go beyond the basics of security. They need to be transparent, accountable, and consistently prove that customer interests come first. After all, trust takes time to build, but only a moment to lose.