Protecting / Enforcing Consumer Rights.Here are some data privacy pros and cons from both sides: Pros Others, from the corporate side of the debate, argue that the regulation of data privacy creates more problems than it solves, hindering business and costing money. The Pros And Cons Of Regulating Data PrivacyĬonsumer rights advocates tend to be in favor of data privacy laws as they offer protections to individuals whose personal property could be used against them or exploited for financial gain without their knowledge. California also has California Online Privacy Protection Act (CalOPPA) requiring greater online practices transparency from any company doing business in the state. Unlike the GDPR, CCPA only regulates large enterprises that make substantial gains from the sale of customer data. California has been in the lead with its California Consumer Protection Act (CCPA) as the law other states model their privacy bills after. When it comes to comprehensive regulation, however, things have only happened on the state level, with only several states being able to successfully pass data privacy bills so far such as New York's data privacy laws. Health Insurance Portability and Accountability Act ( HIPAA ) offers protections for personal medical information.Gramm-Leach-Bliley Act (GLBA) protects personal financial data.Children's Online Privacy Protection Act (COPPA) protects children's personal data.Privacy Act of 1974 protects certain federal government records of personal data from misuse.Several "vertical" federal regulations do exist: In comparison to the punch packed by the GDPR, the United States of America is yet to offer a modern federal-level comprehensive piece of legislation protecting consumer data from the numerous ways it could be exploited. Personal Data Privacy Regulation In The USA The toughest data privacy/security law in the world, European Union's GDPR, imposes regulatory measures onto all organizations that target/collect data related to European Union consumers, with harsh financial penalties imposed for non-compliance.ĭozens of other nations have passed a number of information privacy bills of their own to counter the impending implications of the digital age, such as the United Kingdom's Data Protection Act and Canada's Personal Information Protection and Electronic Data Act. Slowly, legislators around the world are making strides: General Data Protection Regulation (GDPR) And Other Foreign Privacy Law Today, when the majority of businesses digitally collect, track, process, store, and redistribute customer data, there remains an ongoing legal challenge to enable consumers to access, edit, and otherwise manage their personal data as well as decide how it's used. What happens to all that identifiable consumer information that is now harvested by technology and kept on record in different companies' databases? Without regulation, businesses don't view private consumer data as "borrowed": they buy and sell them as if it were their own property.Īs such, data privacy policies have become a modern necessity, because, without them, today's consumers are unable to control what happens to their personal data, leaving them vulnerable to unsolicited marketing, scams, and identity theft. Likewise, one can hardly visit a website on the internet without leaving a trail of cookie crumbs containing all sorts of insight about their consumer tastes and habits.
One cannot buy things or sign up for educational, medical, banking, telecommunication, entertainment, social media, or virtually any other services without giving up a lot of personal information. In the age of the Internet and integrated digital technologies, the pros and cons of provacy laws is sometimes a gray topic.
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