Corporate data abuse is being tempered by new European laws. Lobbying in the US prevented similar privacy protections.
Internet service providers like Comcast and AT&T and companies that use their connections, like Facebook and Google, lobbied members of Congress. Congress passed a law this year, signed by President Trump, that not only repealed the protections but also prohibited the F.C.C. from ever again imposing such safeguards. The same coalition of corporate interests succeeded in discouraging California from passing a state privacy law similar to the 2016 F.C.C. requirements.Can Europe Lead on Privacy?
The United States government has a lot of explaining to do. Why is it that American internet companies such as Facebook and Google are required to provide privacy protections when doing business with European consumers but are free to not provide such protections for Americans? Why is it that Americans’ best privacy hope is the secondary effect of interconnected networks rather than privacy protections designed for Americans? Why shouldn’t Americans also be given meaningful tools to protect their privacy?
Credit agencies created the dangerous data model which regularly hurts consumers. It’s time for them to go. Credit reporting is done successfully in many other countries by a central bank. We need to move to that model.
Credit bureaus have proved to be complete failures at safeguarding the public. Let’s demand we get our data back.
In at least 40 other countries — including Belgium, France, Germany, Italy and Spain — credit reporting can be done by a public credit registry. It is usually operated by a central bank that already oversees the financial institutions that feed information into the reports. These reports tend to be more accurate because the operators have a legal right to demand data from banks as well as a mandate to ensure it’s correct and that errors are fixed. Data on late payments and defaults are erased once a consumer has settled up.
Many of these public registries leave out things like medical debt, tax information and personal details like marital status, focusing only on loan amounts. Only about 40 percent of registries collect consumers’ addresses, and two-thirds collect taxpayer IDs — the kind of information leaked in the Equifax breach.
Get Rid of Equifax https://nyti.ms/2jK5SAF
When will consumers awake to the idea that they have a right to decide who gets to collect info about them and what info can be collected?
Its one thing to voluntarily give info to a service such as FB in return for whatever perceived value that service gives the user. Its another to let that service track the user’s activity all across the internet and across devices.
It is time for legislative limits to and definitions of what private data can be collected and sold.
Most Americans say they believe the law is inadequate in protecting their privacy online.
How is it that the System, Big Business, Big Data, and the Cult of Special Interests can subvert the will of the people so easily? Why do we not have a digital bill of rights for our data? Seems most Americans want laws to protect our data.
The e-mail or social media accounts of one in five have been broken into.
If 1 in 5 houses or businesses had been broken into we’d certainly agree something needs to be done.
most American consumers take great efforts to mask their identities online
Of course they do. Where we shop and what we buy is nobody’s business but our own. We need some rules to anonymize the commercial data gathered about us.
Apparently, most Americans do have something to hide – at least from complete strangers trying to profit from knowing what they do online.
NYTimes: Americans Go to Great Lengths to Mask Web Travels, Survey Finds
Of course there are illegal markets for personal financial info such as SSN’s and credit reports. Identity theft is huge business for some. Most people probably take a few steps to try and protect themselves.
Why then is there little outrage when businesses practically invite identity thieves to grab large troves of data? Why is there no interest in having the Federal Government adopt some standards and laws for the collection and sale of personal data?
Why is it ok for those on the seamy side of Big Data to be allowed to aggregate data about us, profit from selling it legally to marketing firms and not be held accountable when their servers get hacked?
Its time to hold Big Data accountable for the data it collects.
Unregulated big data used to deny banking services ro unwitting customers with no recourse.
NYTimes: Over a Million Are Denied Bank Accounts for Past Errors
Of course they are. Most business organizations are not out for the betterment of society no matter what their motto is. That doesn’t mean we don’t want them around or need them. We just need to acknowledge that a business organization is inherently untrustworthy.
This article is not really interesting, but it does a have a few choice quotes worth sharing which sum up Big Data.
Given its record, and with so little accountability, how can any of us trust Google — or other Internet giants like Facebook, which now faces its own privacy and anti-trust concerns? Who gave these new media companies the right to invade our privacy without our permission or knowledge and then secretly store the data until they can figure out how to profit from it in the future?
Senator Al Franken of Minnesota, for example, who is in charge of a subcommittee on privacy, noted in a recent speech that companies such as Google and Facebook accumulated data on users because “it’s their whole business model. And you are not their client; you are their product.”