How can companies build consumer trust while ensuring privacy?
Companies can build trust by being transparent about data usage, implementing strong security measures, and respecting user privacy.
What specific measures can companies take to protect consumer data?
They can use encryption, conduct regular security audits, and provide clear privacy policies to inform consumers.
How important is consumer trust in today's digital marketplace?
Consumer trust is crucial; it influences purchasing decisions and brand loyalty, especially in a data-sensitive environment.
What role does legislation play in consumer privacy?
Legislation sets the framework for data protection, ensuring companies adhere to standards that safeguard consumer privacy.
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