Firms Have Strong Desire to Exploit Customers’ Personal Info
- By Grey McKenzie
- Published 06/17/2008
Grey McKenzie
National Cyber Security Founder
Cyber security watchdog & one of the nation's leading cyber security experts, Grey McKenzie is also the Founder of SpyCop Security Software.
His clients include members of the Department of Homeland Security, FBI, CIA, State & Local Law Enforcement.
He is regularly consulted by industry leaders regarding cyber security issues.
To schedule a procedural, technical and non-technical network security audit of your company call 902-467-0200
Jennifer Stoddart Privacy Commissioner of Canada gives her views regarding Cyber Security in the following article.
She seems to have a good grasp of how the cyber economy is morphing into it's own entity and therefore demands that we develop new strategies for dealing with electronic data.
Especially data that could enable identity theft to flourish if left alone.
Korea Times: In the past decade, the Internet has created an information revolution that has reshaped our lives.
The way we think and read, shop and talk, learn and create will never be the same. As an international community, we have only begun to exploit the potential of this global network of networks.
But there are downsides to the Internet economy as well, unforeseen effects that even many experts did not anticipate.
The pressures of global economic competition, in a very real sense, have converted every industry into an information industry, and every national economy is struggling to adapt to the digital world.
Entire industries media, entertainment, publishing, travel have had to adapt to this online reality.
The rise of the online consumer has not only created more competition, it has fundamentally altered the way businesses view information.
Commercial organizations now feel they are at a serious disadvantage if they don't gather as much data about their
clientel and markets as
possible.
They have powerful incentives to expand and exploit their data holdings particularly the personal information of their clients.
These growing stores of personal information are coveted not only by companies, but are also an ideal venue for theft and fraud.
Many of the elements that make the Internet such a powerful way to communicate, learn and conduct business the openness, anonymity and global reach of the network salso create potential vulnerabilities.
Public research indicates that many people are uneasy about what happens to their personal information when they go online.
Challenge of Insecurity
The net-savvy citizen and consumer is naturally concerned by mounting headlines regarding sophisticated phishing attacks, enormous data breaches and the proliferation of identity theft.
People have very legitimate concerns about the security of their personal information.
It is no coincidence that as businesses began to exploit the value of personal data, so too did criminals.
Clearly, people need to feel secure when they go online, be it in their capacity as consumers, citizens, workers or students.
They need to know their personal information will be protected and their privacy respected.
However, it is important to recognize that protecting the privacy of certain groups in our society can be very challenging.
Full Story
She seems to have a good grasp of how the cyber economy is morphing into it's own entity and therefore demands that we develop new strategies for dealing with electronic data.
Especially data that could enable identity theft to flourish if left alone.
Korea Times: In the past decade, the Internet has created an information revolution that has reshaped our lives.
The way we think and read, shop and talk, learn and create will never be the same. As an international community, we have only begun to exploit the potential of this global network of networks.
But there are downsides to the Internet economy as well, unforeseen effects that even many experts did not anticipate.
The pressures of global economic competition, in a very real sense, have converted every industry into an information industry, and every national economy is struggling to adapt to the digital world.
Entire industries media, entertainment, publishing, travel have had to adapt to this online reality.
The rise of the online consumer has not only created more competition, it has fundamentally altered the way businesses view information.
Commercial organizations now feel they are at a serious disadvantage if they don't gather as much data about their
They have powerful incentives to expand and exploit their data holdings particularly the personal information of their clients.
These growing stores of personal information are coveted not only by companies, but are also an ideal venue for theft and fraud.
Many of the elements that make the Internet such a powerful way to communicate, learn and conduct business the openness, anonymity and global reach of the network salso create potential vulnerabilities.
Public research indicates that many people are uneasy about what happens to their personal information when they go online.
Challenge of Insecurity
The net-savvy citizen and consumer is naturally concerned by mounting headlines regarding sophisticated phishing attacks, enormous data breaches and the proliferation of identity theft.
People have very legitimate concerns about the security of their personal information.
It is no coincidence that as businesses began to exploit the value of personal data, so too did criminals.
Clearly, people need to feel secure when they go online, be it in their capacity as consumers, citizens, workers or students.
They need to know their personal information will be protected and their privacy respected.
However, it is important to recognize that protecting the privacy of certain groups in our society can be very challenging.
Full Story
