corporations stealing data is the newest lawsuit trend
“Data will eclipse land and machines as the most important assets and politics will struggle to control the flow of data.” Author Yuval Noah Harrar
Read our reivew of his latest book here
The 2019 Carlton Fields Class Action Survey is based on interviews with general counsel or senior
data privacy and security as the next wave of class actions nearly doubled from last year’s survey. increasing from 28.9 percent to 54.3 percent.
Approximately two-thirds of companies, however, reported concern stateside about the California Consumer Privacy Act, a data privacy law that goes into effect in
The European Union’s new privacy law, the General Data Protection Regulation (GDPR), also has hit the radar of corporate counsel. M\With a 30% increase. 85.7% of companies reported to have an action plan to limit the impact of a data breach.
- The right to know whether their personal information is being collected about them.
- Requires businesses to make disclosures to consumers about any personal information collected and the purposes for which the personal information is used
- ” ” know what personal information is being collected about them
” “say “no” to the sale of personal information - ” ” delete their personal information
- ” ” equal service and price, even if they exercise their privacy rights.
Physically your not handing over your information but, your still giving it to them. Google continues to make most of their money selling your information to ad companies. Consumers have the right to establish boundaries. Data not only influences advertising but A.I. as well.
Citizens awareness is the main reason behind corporations concern of a future trend of data breach lawsuits. Years ago corporations could get away with it as many people weren’t aware they were willingly giving away their information. After all, they were never told!. It would be similar to going to an event and filling out a survey on a clipboard.
On the other hand, this is a new era in history. A large portion of American’s can remember when cash was king.. Slowly but surely Credit cards became the norm. Business’s offered reward and membership programs to get your information during these times, now we just give it away.
In our digital minimalism book review we gave our free thinking readers a blueprint for internet addiction. Today people are spending majority of their day on the internet giving away their data, for free.
In 2018 a study revealed that people spend over 11 hours a day looking at their screens.