Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Technology

INTERNET PRIVACY: AS AN INDIVIDUAL, SHOULD YOU HAVE THE RIGHT TO BE DELETED FROM THE INTERNET?

Mark Somers

By Mark Somers, Technical Director at 4most Europe (www.4-most.co.uk)

It’s a story that has dominated the national newspapers since the recent story of the internet privacy ruling against Google broke this month.  But it has certainly sparked a great deal of debate and opinion amongst the big search engines, internet security and mobile industries to name a few. The question however, still remain: should a person have the right to be forgotten or ‘deleted’ from internet history if they so wish?  Our Technical Director Mark Somers says yes, and this is why…

Mark Somers

Mark Somers

“Privacy for the individual is important for society and for the effective operation of an open free-market economy. Too often it is portrayed as a concern only for security wonks and those who have something to hide.  In reality there are at least 2 important reasons for all consumers to demand legal protection to help redress the balance of power between the individual and large corporations:

  • Increasingly the concepts of 100% data security and using online data services have been demonstrated to be incompatible (eBay security breach this week amongst many others) – vast stores of valuable personal data will be hacked, and try as they might large corporations cannot prevent it entirely. As a consumer therefore, given these organisations can’t guarantee to secure your data it is right and proper that you should be able to make the risk assessment as to whether they store it at all.
  • If consumers do not have control of the information they share with companies competing for their business it means the company that buys or controls the data has a devastating competitive advantage and the free market is distorted. The value associated with an established monopoly is why many web-companies companies are happy to provide “free” e-services. These services are increasingly becoming an indispensable part of everyday life (mobile sat nav, web mail, social networks etc.) – it is not good enough for providers to say give your data to us to do what we like or if you don’t agree then don’t use our service – these services are becoming essential and we can’t opt out.

We need legislation that enshrines the obligation on providers to enable users to use “free” services whether they choose to share (i.e. for companies to keep a record of) their data or not. This should be a fundamental consumer right, equivalent to the ability to get a refund on faulty goods – it isn’t just about the right to be forgotten, it is about the right to choose not even to be remembered.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post