Why Brits don't trust a UK digital economy

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brits are losing faith in the digital
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economy and after the week we've had can
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you really blame them m&s has just
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become the latest household name hit by
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a major cyber attack with personal
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customer data reportedly stolen it's
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part of a worrying trend with attacks at
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Harrods and Co-op making recent
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headlines and fueling consumer anxiety
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but it's not just fair a brand new
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global study from checkout.com shows
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that the UK ranks 10th for trust in the
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digital economy falling behind countries
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like China the UAE Brazil and Spain the
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research surveyed 18,000 people across
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16 countries and looked at everything
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from trust in AI and blockchain to
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online payment security and legal
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protections and the UK seemed to have
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scored especially low in each of those
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areas cyber security experts say the
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retail sector is a sitting duck with
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outdated systems and too little
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boardroom attention and with over 48
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billion payments processed by UK
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retailers last year the stakes are
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skyhigh what's more as consumers
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increasingly pivot towards online and
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mobile platforms the attack surface
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evolves and widens too checkout.com's
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chief operating officer Jenny Hadllo
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said that trust isn't built into the
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digital economy it has to be earned that
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means better protections smarter tech
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and real transparency experts have said
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that retailers must treat cyber security
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like critical infrastructure rather than
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a simple IT issue consumers want safe
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modern systems and if they don't get
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them they'll click away the report also
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found a stark correlation between
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countries that foster digital economies
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and those who see greater GDP growth so
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as the UK aims to stimulate its economy
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post Brexit and CO the stakes have
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reached all-time highs what do you think
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of an increasingly digital economy let
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us know your thoughts in the comments
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below and if you want to keep updated on
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the story head to cityam.com
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Why Brits don't trust a UK digital economy

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