131–140 of 163 posts
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Sounds like a blockchain solution in the making... /s
Haven't you heard... It's all about blockchains of blockchains these days. Gives you ln(n) time instead of n. There is also interesting work in leader follower blockchains.
Personal data right now is considered an asset. It needs to be seen as a liability. Maybe the solution is a data tax. You pay a set amount every year for every piece of personal data you have. If you buy personal data from another company, you still have to pay the tax for the data you acquired. If you have a breach of data, your tax goes up for a period of 10 years. In addition, every piece of personal data needs to…
I would love to introduce you to the GDPR. It does almost all of what you propose, and it goes into effect in May in Europe.
Personal data right now is considered an asset. It needs to be seen as a liability. Maybe the solution is a data tax. You pay a set amount every year for every piece of personal data you have. If you buy personal data from another company, you still have to pay the tax for the data you acquired. If you have a breach of data, your tax goes up for a period of 10 years. In addition, every piece of personal data needs to…
Either it's private, and then NOBODY has it (i.e. stored on local machines, paper or just memorized), or it's not private, and then it's publicly accessible on a website, or it's confidential and then it's either service-specific data that is deleted as soon as possible (e.g. web searches) or given along with a physically signed contract containing an NDA and penalties for failure to keep secret.
The best way to achieve this is to require, by law, companies to publish on the web anything they learn from customers that is either not strictly part of their interaction with the service or has been stored for more than a month.
This will result in companies no longer asking for things that customers don't want to be public, and deleting interaction data unless the customer wants it kept and published.
Also it will result in a reduction of Google/Facebook/etc.'s monopoly powers since they will have a reduced monopoly on customer data.
Personal data right now is considered an asset. It needs to be seen as a liability. Maybe the solution is a data tax. You pay a set amount every year for every piece of personal data you have. If you buy personal data from another company, you still have to pay the tax for the data you acquired. If you have a breach of data, your tax goes up for a period of 10 years. In addition, every piece of personal data needs to…
How is it okay that this information is even available from Experian in the first place?
I don't think anyone opted in to this. And I don't think there is any obvious way to opt out.
And Experian is not just some data tracking company watching your behavior on a website; they're supposed to be protecting our credit system. Do they obtain some of this information through special privileges because they're a pseudo-official credit score agency? If so, is this grounds for a class action lawsuit?
(As others have argued, this data is legally available through Experian, it just normally isn't free. https://www.experian.com/assets/dataselect/brochures/consume...)
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Its fairly common in the temp employee industry that if a temp worker gets injured the temp agency folds and restarts to avoid the penalties. It would be nice to require insurance or a bond to hold personal data so a company can't just disappear when data is lost. [0]: http://projects.thestar.com/temp-employment-agencies/
And people wonder why I am so hostile to the our way of creating and governing corporations, and our way of divorcing business from the lives and reputations of of those who run it.
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I like drastic, because what else is going to spur the powers that be to revamp how we approach identification? Something dramatic like this is almost necessary at this point. Equifax was huge and yet what reforms have we seen? Is anything even in the pipeline?
I fear this will take the usual course of action: It's gonna get worse until something really bad and really large scale happens, only then will people realize the need to act, but then it's usually already way too late.
Apparently anyone who wants this data can simply purchase it from Experian. The leak doesn't change anything except the price.
Back in the day (20 years ago) you could buy a CD with everyone's name, address, phone number and so on..
My understanding is the information was readily available to businesses from other sources. It just popped up on people's radar because Lotus was such a high profile company at the time.
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I fear this will take the usual course of action: It's gonna get worse until something really bad and really large scale happens, only then will people realize the need to act, but then it's usually already way too late.
So Equifax?
Not to go all Godwin but when the parent mentioned "something really bad and really large scale" my mind immediately went to the holocaust and other genocides. Can you imagine a totalitarian regime having access to this type of tracking data? It's pretty chilling.
Personal data right now is considered an asset. It needs to be seen as a liability. Maybe the solution is a data tax. You pay a set amount every year for every piece of personal data you have. If you buy personal data from another company, you still have to pay the tax for the data you acquired. If you have a breach of data, your tax goes up for a period of 10 years. In addition, every piece of personal data needs to…