Breach of personal data common in financial services industry: LocalCircles survey
- Citizens whose data got compromised by loan agencies, insurance companies and banks believe it was due to their weak data protection governance internally and externally
NEW DELHI: Breach of personal data has become increasingly common in the financial services industry, a survey by social community platform LocalCircles has found. About 59% of 41,000 survey respondents claimed that their data was compromised by loan agencies since those with existing loans were approached with detailed alternate offers in the last five years, while 40% were offered alternate options for their existing insurance policies or for opening bank accounts with similar services as their existing bank.
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