Welcome to the Future!
What’s happening? last year there was a 400% increase in ransomware. Cyber Insurance payouts top 70% of break even.
Why is this important? This means it is no longer not cheaper to not pay the criminals. Now the insurers pay the criminals.
How will this be important? Commerical premiums jumped 39% in March 2021. This is an intersection of a lot of funds and hackers.
AP | In crosshairs of ransomware crooks, cyber insurers struggle
What’s happening? Coca Cola has added Chief privacy officer to “define global privacy and legal personal data strategy.” The new privacy officer is also a she according to the link.
Why is this important? It wasn’t that long ago we started seeing Information officers and then Sustainability officers, and now Let’s welcome Data Privacy officers.
How will this be important? Coca Cola won’t be the first.
Bloomberg Law | Coca-Cola Adds Privacy Chief in Reshuffling Under New Top Lawyer
What’s happening? Colorado Governor signed SB 21-190 (2021 | CO) requiring companies to disclose how they use data; and giving Coloradans the right to opt out of data collection; “access, correct or delete” the data, or obtain a portable copy of the collected information
Why is this important? Colorados enforcement mechanism is to apply the Deceptive Trade Practices Act for enforcement.
How will this be important? Colorado is the 4th state to give its residents a Right to Privacy in their Data. 46 more states to approach the issue.
Route Fifty | Colorado Becomes Fourth State to Give Residents Control of Their Online Data
What’s happening? Ohio Republicans are proposing data privacy rights that would allow Ohioans to have the ability to have personal data deleted and request that it not be sold. Businesses would “adhere to specified data standards” & the Ohio Attorney General would have exclusive authority to enforce it. No “private right of action would exist”
Why is this important? Ohio lays out best practices for businesses.
How will it be important? The number of data breaches is only increasing.
Governing | Ohio to Create Data Rights as Breaches Set to Break Records
What’s happening? Congress is considering No Biometric Barriers to Housing Act of 2021 that would ban biometric technology in most federally funded public housing
Why is this important? Lawmakers aren’t only in treated in the use of biometric software but also the rational behind using the software in the first place.
How will this be important? They say privacy protecting legislation is gaining steam in Congress.
NextGov | Bill Would Ban Facial Recognition in Public Housing
What’s happening? In 2013 8 tech companies formed Reform Government Surveillance to lobby for surveillance reforms by opposing the “dragnet collection of Americans’ private data”
Why is this important? we’re talking about Apple, Facebook, Google, LinkedIn, Microsoft, Twitter, Yahoo and AOL, Amazon, Dropbox, Evernote, Snap and Zoom
How will this be important? A lobbying firm that runs the coalition decided that Evernote wasn’t active enough, so they removed its logo. The company says it’s still a member. This is a cautionary tale that tech companies, and tech media will notice tech changes.
Tech Crunch | Evernote quietly disappeared from an anti-surveillance lobbying group’s website
What’s happening? Visa says for the 1st 6 months of 2021 crypto linked credit card transactions topped $1 billion.
Why is this important? In 2019 transactions were more like a blip.
How will this be important? 70 million merchants world wide are accepting cryptocurrency based credit cards
CNBC | Visa says crypto-linked card usage tops $1 billion in first half of 2021
What’s happening? Consumer Financial Protection Bureau is moving toward rule making to strengthen consumer access to their financial data.
Why is this important? Sometimes you need to share your financial information, to use things like Quicken’s automatic features or auto payments.
How will this be important? Big banks and big financial companies want to control personal financial data. It’s the new forefront of privacy rights.
The Hill | Consumers — not banks — should control access to personal financial data
What’s happening? Baltimore City Council is moving forward an ordinance to ban facial recognition software.
Why is this important? The City wants to study whether the software infringes on the privacy of its citizens. The City is fresh off a program that used a crime fighting “spy plane” that captured private citizen behavior.
How will this be important? Supporters say that the software misidentifies people of color.
Route Fifty | Baltimore Latest City to Consider Banning Facial Recognition Technology
What’s happening? Legislation to allow parents and kids to petition tech companies to remove posts to ensure “A Right to be Forgotten”
Why is this important? It allows the ramblings of a 17 year old to not be used against the 35 year old version of themselves by their employer
How will this be important? We’ve all heard the refrain “Cancel Culture” how far back does that go? Should the internet be able to forget your ill timed and inappropriate posts?