The Currency of Trust: Why Banks and Insurers Must Make Customer Data Safer and More Secure

July 5, 2017

Are retail banks and insurers a safe pair of hands when it comes to customer data? Our global survey of more than 180 senior data privacy and security professionals as well as 7,600 consumers found that less than a third (29%) of these organizations offer both strong data privacy practices and a sound security strategy. In fact, just one in five (21%) organizations are highly confident that they can detect a cybersecurity breach. This picture has so far not unduly affected consumers’ perceptions of the industry. We found that 83% of consumers trust banks and insurers when it comes to data.

Spotlight

Trilantic North America

Trilantic North America is a private equity firm focused on investments in the North American region, primarily within the consumer, business services and energy sectors. We take a flexible approach to investing alongside our founders, owners and operators and typically invest between $50 and $300 million of equity as control or significant minority owners, adapting the structure to support what's best for the business and set our management teams up for success

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Spotlight

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Trilantic North America is a private equity firm focused on investments in the North American region, primarily within the consumer, business services and energy sectors. We take a flexible approach to investing alongside our founders, owners and operators and typically invest between $50 and $300 million of equity as control or significant minority owners, adapting the structure to support what's best for the business and set our management teams up for success

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