A majority (70%) of consumers would stop doing business with a company if it experienced a data breach, according to research commissioned by Gemalto. A survey of more than 10,000 consumers worldwide conducted on behalf of the company also found that seven in ten consumers (69%) feel businesses don’t take the security of customer data very seriously. […]

The Financial Ombudsman Service (FOS) has published the latest edition of “ombudsman news” (Issue 135), which focuses on: case studies relating to scammers posing as legitimate, regulated businesses and responses to consumer complaints by banks and insurers; fraud and scams in the UK, highlighting that financial fraud losses totalled £755 million in 2015 (an increase […]