How do personal data breaches impact consumer trust? 🔊
Personal data breaches impact consumer trust significantly by undermining the perceived security of companies and their products. When users’ personal information, such as credit card details or social security numbers, is compromised, it can lead to identity theft and financial loss. Consequently, consumers may become more cautious about sharing personal data online. Companies that experience breaches may face damage to their reputation, decreased customer loyalty, and potential legal consequences, emphasizing the importance of robust cybersecurity measures.
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