Many laws and regulations are taken across the earth regarding the collection, disclosure, and use of personal information. But at the same time the rate of cyber attacks, breaching of firewalls and exploitation of personal information is rising exponentially. It is very important and should be considered as the prime responsibility to safeguard personal information of the individual and organizations. Especially those dealing with financial data, health information and one with lots of people’s data.
It’s never been easier for others regarding the collection, use, retention, disclosure and disposal of individual information. The present regulatory framework is does not promise safety much. So companies and organizations can always expect the rising cost and risks associated with their information and security.
Global Data Protection Regulation (GDPR) is the enforcement of European Union for the regulation of privacy. GDPR applies to all the companies that are processing personal data in Europe. Not only them some US Federal Agencies including FTC and NIST have been updating their framework and guidelines for the usage of personal data, its collection, formulation and disclosure. Additionally many industries are updating their policies, also some self-regulatory methods to keep the information safe.
Privacy issues have dominated on the past couple of years. This is the sign of large shift in the world of data privacy and how the security should be implemented by many organizations. Facebook has reported its data been used and many other companies too. Even the consumers tend to give other third party apps permission to use their personal information without actually checking the right information. When we install any application on our mobile phones, when we open it for the first time, the app tends to ask permission to access your storage, files, contacts, camera etc. All the information collected by this method are stored in the server. If that application is a malicious one, the chances of getting ourselves robbed are very high. Many users still don’t understand this.
Many manufactures like Apple are considering privacy of its users their prime Target. Security updates are releasing on mobile phones every month and even the computers operating systems. All these updates contain protection against new threats and new framework protection for the data. Artificial Intelligence and Machine Learning is quite developed now and are helping computers take the right input and to manage the data more secure. These technologies can be used in cybersecurity to provide the identification of new threats and protection of data. By using these technologies wisely we can reduce cyber attacks.
But on the flip side, hackers have also developing many new techniques also weaponise the AI and creating programs that can study the new system and that can even decrypt the encryption done. Government and many firms are paying ethical hackers tons of money to safeguard their privacy from the outside world. AI applications may also raise privacy issues as larage data is required to create a model.
Today the data being collected from individuals of companies are very high and in an unprecedented rate. That makes most humans vulnerable. Even the heart rate monitoring collected by smart watches can be collected and can be used to make a model of one individual’s daily routines. He/she is quite vulnerable and their data can be misused.
But now privacy and security are both converging and with the introduction of IoT and other technologies, it is possible to regulate data breaching. Users also have to consider their safety important. So they have to use their personal data wisely while giving it to every mobile application. Because once, our data is out, it’s out completely.