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Data privacy involves the relationship between how data is collected and determining which aspects of the data can be released to the general public. Please, see the articles below on data privacy.
Privacy is the new luxury. Just as consumers value labels like ‘organic’ or ‘cruelty-free,’ they are increasingly aware of ‘privacy’ in products. Tired of privacy abuses, people are now uniting to demand stronger privacy protections.
Questioning what types of surveillance the US Government is using to collect data should be done by citizens as a way to understand and limit violations to their private data. In 2020, privacy is up for sale, and anyone could be the buyer. This surveillance partnership includes private companies, governments, and law enforcement agencies. The US Government, without full disclosure to the public, creates a variety of public/private partnerships with major corporations to collect and have access to confidential data on US Citizens and other residents of the United States.
Video camera surveillance systems can be used by retail establishments to deter crime, catch thieves, and promote customer trust. Are cameras right for you?
Cybersecurity is crucial for CFOs, who must plan, budget, and oversee data protection. Prioritizing strong policies, risk management, and third-party vetting is key to safeguarding the company’s financial health and reputation.
Safeguarding your consumer data is your agency’s responsibility, be it a small business or large enterprise. This can be done through redaction, anonymization, or de-identification of the data. Once data has been used, it must be destroyed.
IoT devices, like smart home appliances, can collect data without human input, raising privacy concerns. For example, Google Home accidentally recorded sounds without consent, underscoring the need for stronger privacy protections for consumers.
The shift from paper to electronic medical records has heightened awareness of private health information control. Digital access has increased both authorized and unauthorized exposure, though privacy remains a core value for healthcare providers.
According to the Information Commissioner’s Office, businesses including banks have a responsibility to comply with the law, including the use of redaction techniques to protect third-party privacy and facilitate the fulfillment of legitimate SARs and FOIA requests.
It would be in the best interest of your business to get on board. July 1, 2020, is the day that the California AG and all of California’s residents will have an opportunity to hold your company to account. Severe financial penalties will now follow failure to comply. There can be lawsuits, state, and consumer fines. For a company handling large amounts of consumer data, a single breach can cost them $2500 per consumer.
Artificial intelligence, combined with machine learning, is the transformative technology of today and the future. Most people’s concern with AI, outside of privacy, is the idea that advanced technology will take over jobs but there is currently a wave of ethical problems with AI applications, which will continue into the future.