Focus Outlook

The Threat to Data Privacy Still Looms Large

Share:

Technology is being increasingly leveraged across all domains. Today, technological trends play a massive role in shaping the future of an industry. Different applications of different technologies are being considered and explored. However, an important aspect of over-reliance on technology is the threat to data privacy. 

It is common knowledge that tech giants are into it. Enterprises such as Facebook and Google have faced legal complications concerning data privacy issues. The tech giant grabbed headlines when it was sued by the court for not adhering to children’s privacy regulations. There is no dearth of such instances. Yet, the threat to data privacy still looms large.

READ MORE: Many Cyber Attacks in the Edtech Are Against Virtualization Technology

The biggest culprit is the legal hurdles. It is important to realize there is a significant lack of data privacy laws. The absence of legal protection is often exploited to make massive amounts of money building data products to sell to the police, employer, landlords, insurance firms, and so on. The data is then assessed for various purposes. For instance, enterprises rely on data to assess the suitability of a potential candidate for a particular role.  

Consequently, the world requires strict rules regarding data privacy. The law should make it mandatory for data firms to be more transparent about how data is collected and used. In short, data firms have to be accountable for the data. 

READ MORE: True Religion Customers Now Have An Innovative Mobile APP for Better Experience

The 1974 Privacy Act has some loopholes. It is essential to fix these loopholes. New laws are mandatory. The incorporation of innovative technologies is also compulsory. Automated data migration testing is a perfect example. Technology makes it possible to maintain data integrity as the information travels across applications and systems. 

MUST READ

NCR Voyix’s $2.5 Billion Sale to Veritas Confirms Digital Banking’s Future Potential

NCR Voyix has sold its digital banking platform to Veritas Capital for approximately $2.5 billion, a move designed...

Crypto Faces Major Crash Since 2022 as Bitcoin Struggles to Stay Above $50,000

Cryptocurrency prices have plunged to their lowest levels since 2022, reminiscent of the industry-wide turmoil triggered by the...

Pinwheel and Narmi Collaborate to Enable Deposit Switching

Pinwheel, a US-based fintech company, has joined forces with digital banking solutions provider Narmi to introduce streamlined digital...

CG Life Integrates PR and Social Media Teams Following Berry Acquisition

CG Life has recently consolidated its public relations and social media teams to form a strategic communications group,...