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Only 38% Indians concerned about data misuse: Survey

IANS  |  New Delhi 

Just 38 per are concerned about data misuse compared with 63 per cent in Spain, shows a survey by Germany-based data research firm

At 59 per cent, ranks second behind in terms of showing concern about data misuse, said the study published in the "Digital Economy Compass 2019".

The percentage of people, bothered about data misuse, is slightly higher in the US (40 per cent), (40 per cent), (40 per cent) and (39 per cent) than India, it showed.

The findings are based on a survey of over 25,000 people in February 2019.

"The growing importance of data and the public discussion about data security and fraud are making many increasingly aware of how their data is collected, stored and used by companies," said the report.

"Many private companies are collecting extensive amounts of data on their customers. or are able to track and analyse most of their customers' behaviour. This gives them enormous power in the as they can provide companies with the best-fitting target groups through their advertising and targeting services," the report said.

Consumers often don't know what the companies are using their data for and what the value of personal information is.

Information regarding demographics or occupation is not nearly as valuable to companies as one might think, but information on family planning, medical conditions, or the ownership of certain assets comes at a much higher price, the report revealed.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, May 18 2019. 20:30 IST
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