Most UK Consumers Say Yes to Compulsory Data Loss Disclosure
With the previously uncovered cases of companies violating data privacy laws having been taken to task by the Information Commissioner’s Office (ICO), a survey carried out by LogRhythm has shown that 80 percent of consumers in UK would favor regulations that would compel companies to disclose their data losses.
Four out of five respondents across 5000 consumers who responded to the survey said they wanted a US-style data breach law to be implemented to force companies to disclose to the public data loss incidents.
LogRhythm said the respondents have shown seriousness when they raised their support for data loss disclosure policies, with 70 percent saying government intervention should be equipped with tougher regulatory measures to enforce such policies.
According to specialists in audit and data compliance, most consumers would tend to suggest implementing stricter regulations and penalties. About 62 percent, they said, strongly believed these companies should be fined with large sums while 31 percent suggested executives must be hailed to courts for criminal litigation.
LogRhythm’s vice president for EMEA Ross Brewer said the European data protection supervisor appeared to be supporting the wide-ranging changes in the laws for protecting data. The laws, according to Brewer, would include enforcement of compulsory data loss disclosure.
With the incidents of data breaches continuing to proliferate in UK as shown by the data from ICO, Brewer reinforced LogRhythm’s findings of a growing support from the public to data loss disclosure policies.
“Those taking a lax approach to data security won’t just lose face, they will also lose customers,” he added.