Millennials trust Amazon and PayPal over banks when it comes to personal data

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Survey of 2,000 Brits find a majority of 18-24-year-olds trust Amazon and PayPal ahead of banks when it comes to protecting their personal data.

77 of all people surveyed don't trust Facebook with their data in the wake of the Cambridge Analytica scandal.

LONDON Young people in Britain are more trusting of tech giants such as Amazon and PayPal than they are of banks when it comes to personal data, according to a new survey.

A survey of 2,000 people across the UK by business intelligence group RFI found that most 18-to-24-year-olds put Amazon and PayPal above banks when asked to rank a number of organisations by how much they trust them to "hold and maintain the privacy and security of your personal information."See the rest of the story at Business InsiderNOW WATCH: A Nobel Prize-winning economist explains what Milton Friedman got wrongSee Also:A 'relentless' 29-year-old is running JPMorgan's crypto strategy here's what you can learn from himHow a 28-year-old went from running poker games and waitressing on roller skates to running her own 'InsurTech' startupThis 35-year-old banker left Goldman Sachs to start a fintech inspired by his mother 5 years later Goldman gave him 100 millionSEE ALSO: An invisible banking reform that 'could fundamentally change how we manage our money' is days away

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