Who can you trust? The implications of the hacking scandal
The old adage that it takes an awfully long time to build trust and a very short time to lose it, has been brought to life in recent days by the scandal that led to the closure of the News of the world after 168 years.
The role of Twitter in communicating the anger of the public, principally aimed at influencing the actions of the paper’s advertisers, was key in speeding the diminuation of trust in the newspaper, but never before has something happened so quickly to destroy such a well-established brand.
This indeed is a sign of the times and has huge consequences for any company.
Consumer power has never been more evident. Trust has never been more important and you can bet that brands will be devising ways to build trust over the coming months with a renewed vigour, following the hacking fallout. Tesco, for once, was humbled by not withdrawing its advertising from the News of the World in a statement that suggested that commercial considerations outweighed moral ones.
What will the consumer do next? They will be more suspicious of everything. That’s what happens when trust disappears.
It will probably manifest itself in a new lease of life for good old word of mouth, the oldest and most trusted form of communication that exists.
It’s time to make use of all the people – your friends- who you can actually trust...


