Google admitted that back in March 2018, it became aware of a data breach that may have impacted up to 500,000 users, but failed to disclose it to users or regulators. Are big Silicon Valley tech giants are “too big to trust”?
Data Privacy
Technological development has always outpaced privacy concerns, but never more so than in the past decade. Collection and centralization of personally identifiable information (PII), tracking of movements and digital surveillance are all at unprecedented levels. Regulations and laws are only just beginning to catch up to the ability of both governments and private entities to deploy these capabilities.
What exactly is there to worry about? The mass collection and centralization of data by giant multinationals such as Facebook and Google is as good of a place to start as any. Two decades of vacuuming up the personal data of users of various online services has created the most impressive marketing capabilities in history, but these profiles have astounding potential for damage when they are used the wrong way or fall into the wrong hands.
Unauthorized information that is captured in data breaches tends to find its way to massive “combo lists” that are sold and traded on the dark web. Social security numbers are added from this breach, home addresses and phone numbers from that one, personal health information from yet another. Soon, a frighteningly complete profile of millions of individuals is available to anyone willing to pay the asking price.
These are just the established data privacy issues. The emerging ones are even worse. High-quality facial recognition technology is just beginning to roll out across the public places of some countries. Artificial intelligence is not only making mass facial recognition possible, but magnifies the power and reach of any application that involves capturing and sorting information: scanning pictures, analyzing speech, sifting through text and location data. This threatens to not only shatter anonymity and privacy, but allow for highly advanced impersonation and take the concept of “identity theft” to new levels.
Some businesses chafe at the trouble and added expense of new and emerging data privacy regulations, but they are vital to both protecting rights and privacy and instilling confidence in end users. Customers want to be able to submit their payment information without worry about data breaches and identity theft, use services without wondering what is being done with their personal information and use devices without fear of surveillance or having location data tracked. The need for meaningful safeguards only grows greater as technological capabilities increase.
The Trump administration had proposed banning TikTok as a national security threat. Cybersecurity researchers from the University of Toronto have come to a different conclusion, though with caveats.
The Apple privacy update has had the anticipated negative impact on revenues for some tech companies and has even been notably worse for others, particularly Facebook.
About half of all organizations are struggling to fill both technical and legal & compliance roles that require privacy skills, with about 3/4 anticipating a need to add both in 2022.
While one might think that health care providers are the primary entities that could potentially leak, share, or exploit private patient data, the truth is that the most audacious HIPAA violations are being perpetrated every day by Big Tech.
Focusing on data quality rather than quantity means companies can drive better business outcomes, remain in compliance with privacy regulations, and prove to consumers that they respect their privacy.
The fallout from the Pegasus spyware incident has prompted the Biden administration to issue a warning to the general public about commercial surveillance tools, offering advice for self-protection to journalists and dissidents.
An environmental, social, and governance (ESG) framework is not a new business term, but what it means for a given company is constantly changing. There’s an emerging area that’s quickly gaining traction in the new, better understanding of ESG - data privacy.
Unlike the 18th and 19th century trading companies, today's tech giants use monopoly not to the benefit of the crown and a nation, but instead for their own personal benefit and the benefit of those wealthy enough to own their stock.
On the state level, debates between business and consumer advocates have coalesced over whether to include a private right to action in data privacy legislation. For a federal privacy law, proposed litigation faces an additional hurdle: whether a federal law should preempt state laws.









