A Capgemini study has found that only 19 percent of U.K. financial service organizations are "highly confident" that they are able to detect a data breach, SC Media reports. Coupled with the survey's findings about consumers' beliefs about privacy and security, the Capgemini research highlights a gap between financial organizations' actual capabilities with data security and consumers' level of trust in said abilities, the report states. "When choosing their bank, 65 percent of consumers view their trust in data privacy and security as extremely significant," the report adds. "The gap in consumers' perception and the reality is exemplified by the fact that even though one in four financial institutions reported having been victim of a hack, only three percent of consumers believe their own bank has ever been breached." Editor's note: The IAPP will host a discussion entitled, "When is a breach not a breach?" at the Europe Data Protection Intensive in London, England, March 14-16.
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