The European Commission may suspend the 'Safe Harbour' agreement, which waives restrictions on the transfer of sensitive information to U.S. companies, by the middle of next year if concerns over NSA and other U.S. government snooping are not adequately addressed.
Yes, big data can make the Internet safer at least in regards to threats from cybercriminals. But it would also bring more challenges that are decidedly unsafe.
Project overruns, finger-pointing--where have we seen this before?
If consumers and financial institutions weren't disillusioned enough with the shoddy performance of traditional credit bureaus, they will be now that a KrebsOnSecurity investigation discovered Experian sold consumer data to an identity theft organization.
JPMorgan Chase formed a litigation group to aggressively sue consumers who were delinquent on debts. The effort racked up hundreds of millions of dollars in monthly judgments for company coffers up until its own bad data burned the house down.
Read the Forbes post and decide where you stand on deciding regulations for big data.
"It's not that big data is effectively discriminating--it is, we know that it is," says Microsoft principal researcher Kate Crawford. "It's that you will never actually know what those discriminations are."
The Direct Marketing Association, responding to growing Washington attacks on data brokers--especially from FTC commissioner Julie Brill--released a study showing just how much data brokers are contributing to the economy at its annual conference in Chicago this week. The DMA is using the study as part of its aggressive pushback against regulators' talk about protecting individual privacy.
First let me make it clear that this is neither a political post nor an attempt to judge Obamacare as a policy. It is merely an exploration of how big data use in politics and public policy trumps the gut feelings and political rhetoric of politicos--in any party.
If enough nations follow suit, the Internet will effectively be splintered and big data collection will be impeded for everyone.