Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

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

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.”