Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

ME consumers low on confidence in online privacy  Join our daily free Newsletter

MENAFN - Khaleej Times - 24/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Privacy index results show people in region are concerned but fail to take action.

with data being described as the oil of the future issues of online privacy have come under the spotlight of late. so in an era of heavy digitisation how confident are consumers in the middle east when it comes to online visibility

three paradoxes

‘we want it all’

the consumer who wants all conveniences and benefits of technology but is unwilling to trade privacy

‘take no action’

the consumer who takes virtually no special action to protect their privacy yet tends to place the onus on those handling their information

‘social sharing’

the savvy social networker who claims they value their privacy yet freely shares large quantities of personal data online. this consumer also often expresses a lack of confidence and trust in institutions to protect that information

quite confident compared to their counterparts according to a new privacy index study from emc corporation but concerns about the future of privacy are high.

analysing the feedback of 15000 consumers around the world — 1000 of whom represented the middle east region (including the uae saudi arabia and qatar) — several paradoxes were identified after a number of conflicting viewpoints came to light.

although many people showed concern for their online privacy the study found that many were failing to take action to protect it.

falling under the “we want it all” paradox it seems consumers want all the benefits and conveniences of digital technology yet they are unwilling to trade privacy to get them.

and though only 32 per cent of respondents from the middle east region say they are willing to trade privacy for convenience it still ranked second out of the 15 countries/regions analysed in the privacy index — a result which highlights how deeply conflicted the public are over privacy.

despite vast developments in technology and improvements in online security 56 per cent of respondents feel they have less privacy now than a year ago with 70 per cent of respondents in the middle east hypothesising a decrease in privacy over the next five years.

during a presentation of the privacy index on monday emc’s senior vice-president and regional manager mohammed amin said data will soon become the business of the future.

“the greater the developments in technology the higher the increase in online usage and data. privacy is bound to decrease but what we need to do is keep on top of it.”

he said by 2020 the amount of data online will have increased ten-fold and the best solution to storing and monitoring it is through cloud computing.

“cloud computing will create a platform for data increase. its unprecedented potential to drive commerce and societal advancement rests on a foundation of trust” he said adding that individuals need to know that their data is not only secure but their privacy is protected too.

a look to the future

in the middle east the overall confidence in the future of privacy is low and is at the fore of the online visibility debate. but with 71 per cent of respondents voicing a need for more laws to prohibit companies from buying and selling data without ‘opt-in’ consent it is imperative for businesses to understand the range of customer perception.

expressing more confidence in an organisation’s skills in protecting their privacy (66 per cent) compared to its ethics in protecting them (63 per cent) consumers are more likely to engage in online activities with institutions that demonstrate greater privacy protection.

but when it comes to trusting a government with personal data the study shows that consumers in the middle east are happier than any other respondent with the way their data is handled.

so as digitisation continues to take over it is imperative consumers become more proactive when protecting their online privacy. and in regards to technology providers innovation and privacy protection can co-exist so institutions need to find ways to improve privacy across their offerings without compromising user experience.

kellykhaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jul 7 2015 - Kuwait- Jazeera Airways Reports May PerformanceArab Times
(MENAFN - Arab Times) Jazeera Airways today released its May 2015 Operational Performance Report, which showed an 11% increase in total flown passengers from May 2014. The 11% increase of flown ...

 Jul 7 2015 - Gulf Markets Weak On Greece, Oil Egypt TumblesArab Times
(MENAFN - Arab Times) Egypt's stock market tumbled on Monday, breaking major technical support, as leading property firm Emaar Misr plunged following its listing on Sunday. Most Gulf markets fell ...

 Jul 7 2015 - Saudi, Kuwait Trend Lower During MonthArab Times
(MENAFN - Arab Times) GCC markets saw mixed performance during June-15 with Saudi Arabia and Kuwait witnessing a downward trend since the beginning of the month whereas the rest of the markets ended ...

 Jul 7 2015 - Kuwait's Consumer Price Index Inches Down Food Inflation UpArab Times
(MENAFN - Arab Times) Inflation in the consumer price index (CPI) inched down from 3.4% year-on-year (y/y) in April to 3.3% y/y in May,(Chart 1)amid a slowdown or stabilization across all components, ...

 Jul 7 2015 - KSE Sheds 22.93 Pts Amid Swell In VolumeArab Times
(MENAFN - Arab Times) Kuwait stocks pulled lower on Monday after eking a modest rebound in the last session. The price index pared steeper early losses to close 22.93 pts down at 6,167.4 ...

 Jul 7 2015 - Kuwait- MP Queries Power OutageArab Times
(MENAFN - Arab Times) The National Assembly members will closely monitor the steps that the government will take to cover the State budget deficit, says MP Jamal Al-Omar.According to the lawmaker, he ...

 Jul 7 2015 - Kuwait- MP Presents 'Query' To Minister Issa Regarding Fake CertificatesArab Times
(MENAFN - Arab Times) MP Kamel Al- Awadhi has presented a query to the Minister of Education and Higher Education Dr Bader Al-Issa regarding news item published by New York Times recently which said ...

 Jul 7 2015 - Authorities Flesh Out Details Of Mosque AttackArab Times
(MENAFN - Arab Times) Security authorities in Kuwait have revealed further details about the recent terrorist attack on Imam Al-Sadiq Mosque from the time the Saudi suicide bomber Fahad Al-Qaba'a ...

 Jul 7 2015 - Kuwait- Imams Asked To Explain Danger Of Spreading Rumors To WorshippersArab Times
(MENAFN - Arab Times) Assistant Undersecretary for Mosques Sector at the Ministry of Awqaf and Islamic Affairs Waleed Al-Shuabi has asked the Imams to explain the danger of spreading rumors without ...

 Jul 7 2015 - Kuwait- 'New Medicine For Hepatitis C Found To Be 100 Pc Effective'Arab Times
(MENAFN - Arab Times) The Ministry of Health recently approved the registration of Daclatasvir € a new medication for Hepatitis C, reports Al-Qabas daily quoting sources. Sources confirmed the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help