UK consumers agree companies should be fined if they lose their personal data , according to a report by the Institute of Customer Service . The results also found that 86 % believed data laws needed an overhaul and 62 % believed companies should do " more to protect personal data " . Just 5 % thought their personal data was " safe " with third - party organisations and 28 % said they would avoid companies that had come under cyber attack . Only 13 per cent were confident that their private information was safe in the hands of organisations they had shared it with, and only 15 per cent believed companies would do everything in their power to prevent this information from being lost or stolen. In 2015 , TalkTalk was targeted by cyber attackers , with the details of more than 150,000 people under threat .
UK consumers agree companies should be fined if they lose their personal data , according to a report by the Institute of Customer Service . The results also found that 86 % believed data laws needed an overhaul and 62 % believed companies should do " more to protect personal data " . Just 5 % thought their personal data was " safe " with third - party organisations and 28 % said they would avoid companies that had come under cyber attack . In 2015 , TalkTalk was targeted by cyber attackers , with the details of more than 150,000 people under threat .