People Are Concerned About Their Privacy in Theory, Not Practice, Says New Study

Erik Sherman reports:

Privacy would seem a big thing for consumers, given recent events. Class action lawsuits against tech firms, noise about privacy legislation, and a new demand for privacy related jobs are all signs that keeping information confidential has become important.

So it’s not surprising that a privacy survey from IBM’s Institute for Business Value that came out Monday would show some big reactions to the topic, as Axios reported. Eighty-one percent of consumers say they’ve become more concerned about how companies use their data, while 87% think companies should be more heavily regulated on personal data management. Three-quarters of the people felt like they were less likely to trust companies with data and 89% said companies should be clearer about how their products use data.