TRUSTe Releases Great Britain Privacy Research; Expands EU Team to Address Growing Privacy Concerns and Support Business Needs
Privacy Research Reveals Alarming Lack of Confidence and Trust
London, UK – March 20, 2012 - Today, at the iMedia UK Digital Summit, TRUSTe, the leading privacy management solutions provider, issued the British Consumer Confidence Edition of its ongoing TRUSTe Privacy Index Series, measuring consumer privacy issues and their corresponding business impact. Conducted online by Harris Interactive on behalf of TRUSTe between February 28 and March 7, the Great Britain study shows widespread concern among online British adults: 90 percent of British adults worry about their online privacy at least sometimes; 37 percent do not trust most companies with their personal information online; and 88 percent avoid companies that they believe do not protect their privacy.
In addition, TRUSTe today announced it has expanded its EU team to meet increasing consumer concerns in Europe, as well as address evolving business compliance requirements, such as the imminent "EU Cookie Directive" deadline. As part of its expansion, the company has appointed Danilo Labovic to the newly created position of EMEA Managing Director (previously EMEA Enterprise Sales Director in Symantec's Trust Services business unit) and named Richard Foster Director of Ad Solutions, UK (previously Digital Director at Future Publishing Ltd.). Labovic will drive TRUSTe's expansion across EMEA to address the surging demand for privacy management solutions and Foster will direct TRUSTe's advertising solutions team across the EU in order to better support regional customers.
"The findings of our Great Britain study mirror TRUSTe's findings in a U.S. based study conducted earlier this year," said Chris Babel, CEO of TRUSTe. "Clearly, consumers around the world are overwhelmingly concerned about their privacy online. By strengthening TRUSTe's presence in the EU, we can better support our European clients and help them build the trust and confidence of their customers."
The TRUSTe announcements come just two weeks following the introduction of its powerful Website Monitoring Service service (see release here) and reinforce TRUSTe's ongoing commitment to provide the privacy expertise, technology, and support companies need to do business in the EU.
Great Britain Consumer Confidence Privacy Index (Q1 2012)
The index provides insights and analysis in three key areas: consumer concern; consumer trust; and business impact. Key findings include:
Consumer Concern - Meter reading of 9.0To view the latest TRUSTe Privacy Index: Great Britian Consumer Confidence Edition, click here.
Ninety percent of online British adults surveyed are worried about their privacy online
Londoners, 25-34 year olds, and adults with children worry the most
Consumer Trust - Meter reading of 3.7
Thirty-seven percent of those surveyed do not trust most companies with their personal data online
Yet, 95 percent of British adults believe companies have a responsibility to protect their privacy online
Business Impact - Meter reading of 8.8
Eighty-eight percent of those surveyed avoid doing businesses with companies they do not feel protect their privacy
Further, older British adults are significantly more likely to avoid doing business with companies they do not trust
These studies were conducted online by Harris Interactive on behalf of TRUSTe among a total of 2,012 adults aged 16 and older within Great Britain from February 28 - March 7, 2012 via its Global Omnibus product and online among 2,415 U.S adults age 18 and older within the United States via its QuickQuery omnibus product. Figures for age, sex, education, region, and Internet usage were weighted where necessary to bring them into line with their actual proportions in the population. This data were weighted to reflect the composition of the online adult population. For complete survey methodologies, including weighting variables, please contact email@example.com.
New TRUSTe Executive to Speak at iMedia UK Digital Summit
http://imediasummit.co.uk/agenda.html Labovic will speak at the iMedia UK Digital Summit in a session scheduled for Wednesday, March 21, where he will share more analysis and insights gained from TRUSTe's latest Privacy Index.
"Numerous changes are taking place in the EU market, and there is no company better prepared to meet them than TRUSTe," said Labovic. "I am thrilled to join TRUSTe at this critical time and bring its innovative privacy solutions to companies in the EU. TRUSTe gives companies the ability to respond to evolving regulatory requirements and offers an unparalleled foundation for ensuring consumer trust and transparency. This allows companies to focus on their core business, while continuing to safely pursue emerging online opportunities."
TRUSTe is the leading global Data Privacy Management (DPM) company and powers trust in the data economy by enabling businesses to safely collect and use customer data across web, mobile, cloud and advertising channels. Our cloud-based Data Privacy Management Platform delivers innovative technology products, including website monitoring and advertising compliance controls – along with privacy assessments and certifications. More than 5,000 companies worldwide rely on our DPM platform and globally recognized Certified Privacy Seal to protect/enhance their brand, drive user engagement and minimise compliance risk. For more information, please see http://www.truste.com.