Fun

Data privacy and security concerns worry nearly half of tech industry consumers: Report

News Feed - 2024-03-14 09:03:20

Savannah Fortis11 hours agoData privacy and security concerns worry nearly half of tech industry consumers: ReportFor 48% of respondents in Aleo’s 2024 Data privacy report, data privacy and security are considered the most concerning issues within the tech industry.3795 Total views21 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksConsumers in the tech industry have concerns, and data privacy and security are among the biggest, especially in the cryptocurrency industry, according to a report from the Aleo Network Foundation. 


The 2024 Data privacy report revealed that 77% of the 2,217 consumers surveyed said they were “very or somewhat concerned” about data privacy and security in their everyday lives.


Moreover, nearly half (48%) of the surveyed consumers said that data privacy and security is the “most concerning issue” currently affecting the tech industry.


These concerns don’t just originate from techno-skeptics of generations gone by; in fact, concerns about data privacy span the generations. Baby Boomers responded with an 85% concerned sentiment, Generation X at 77%, Millennials at 74%, and the tech-native Generation Z at 68%. 


While data and privacy concerns are not new in an industry in which users must hand over sensitive information daily to carry out digital activities, this year ushers in even more reasons for users to think twice. Only 10% of respondents said they had “a lot of control” over their data given to companies, with the majority (26%) saying they only had “a little.”Poll of privacy and data concerns. Source: Aleo 2024 Data privacy report 


These concerns will continue to escalate in the face of new, potentially more invasive tech innovations such as powerful artificial intelligence (AI) models that have already caught major tech companies like Google in the crossfire of data infringement lawsuits.Crypto skeptics 


For cryptocurrency companies, consumer concern was even greater when it came to data privacy and security. 


According to the report, only 10% of survey participants voiced confidence in “the industry"s dedication to data privacy and security,” with the most apprehension in older generations. Nonetheless, the survey called this an “issue for people of any age or background.”


Related:Sam Altman’s Worldcoin ordered to stop collecting data in Spain


Cointelegraph heard from Brennen Schlueter, the chief marketing officer of Aleo Network Foundation, who called the report a “critical barometer” to better understand the evolving dynamics within the cryptocurrency ecosystem. 


“It highlights the urgent need for industry-wide improvements in data privacy and security to pave the way for mass adoption,” he said.“As the industry matures, this report calls for a collective effort among stakeholders to elevate standards and practices, ensuring that the inherent privacy and security advantages of blockchain technology are fully realized and communicated.”There’s a solution


Despite the low numbers of confidence in the industry’s practices, the crypto space has been actively evolving with data privacy and security as a priority. 


Recently, Multicoin Capital and Protocol Labs led a $73 million funding round for the cryptography startup Zama, which aims to protect data privacy and make the “entire internet encrypted end-to-end.”


Privacy-focused innovations are something consumers are eager to adopt, with 55% of respondents believing that new products and tools are needed to replace ineffective data privacy solutions and 67% ready to switch to products that offer data protection technology.


Schlueter closed his comment on the industry’s efforts to ensure better data privacy protection by saying: “[This] is a call for our industry to introspect and innovate, ensuring that advancements in technology are matched with an equally robust commitment to user privacy and security, thereby setting a foundation for sustainable growth and broader societal acceptance."


Magazine:Is measuring blockchain transactions per second (TPS) stupid in 2024? Big Questions# Blockchain# Cryptocurrencies# Security# Privacy# Adoption# AI# Cybersecurity# DataAdd reactionAdd reactionRead morePro-crypto US voters turning to Trump, but don’t trust either partyHong Kong regulators issue warning against Bybit exchangeWorldcoin: Trail of Bits audit shows no vulnerability for Orb software

News Feed

Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction?
Este artículo también está disponible en español. Since Donald Trump’s election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching recor
Ripple vs. SEC: ‘Victory,’ or another chapter in the legal battle?
Helen Partz11 hours agoRipple vs. SEC: ‘Victory,’ or another chapter in the legal battle?Some lawyers question whether the latest court decision in the Ripple case should be regarded as a victory over the SEC.5316 To
Bitcoin, Ethereum Technical Analysis: BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish
Bitcoin, Ethereum Technical Analysis: BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish Bitcoin rose by over $2,000 in the last 24 hours, as markets responded to bulli
Biggest Movers: LTC Climbs to 10-Day High on Monday
Biggest Movers: LTC Climbs to 10-Day High on Monday Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended r
Picking winners in the next cycle — Wyoming Blockchain Symposium VC panel
Vince Quill2 hours agoPicking winners in the next cycle — Wyoming Blockchain Symposium VC panelCrypto startup companies attracted $2.7 billion in venture capital funding during the second quarter of 2024.877 Total view
Brayden Lindrea5 hours agoBinance completes integration of Bitcoin Lightning NetworkThe news comes less than a month after Binance announced their plans to integrate Bit Lightning Network.4690 Total views72 Total sharesL
Price analysis 3/22: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Rakesh Upadhyay5 hours agoPrice analysis 3/22: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TONBitcoin is struggling to sustain its recovery, signaling that higher levels are attracting sellers in BTC and altcoins.195
Bobatama (BOBA) Is Now Available for Trading on LBank Exchange
Bobatama (BOBA) Is Now Available for Trading on LBank Exchange press release PRESS RELEASE. INTERNET CITY, DUBAI, Mar. 16, 2022 – LBank Exchange, a global digital asset tradi
Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets
Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets Just recently the developers behind the Bit
Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement
Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real The Central Bank of Brazil will focus its first digital real tests on determining the lev
Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate
Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate Crypto prices surged in today’s session, as markets continued to re