Sen. Marco Rubio (R-Fla.) will introduce a privacy bill Wednesday tasking the Federal Trade Commission with recommending, and Congress with finalizing, national rules for companies like Google and Facebook. Why it matters: Rubio’s bill seems to steer clear of giving the FTC wide new authority, instead only letting the agency write rules itself if Congress fails…
Most US-based business leaders are at least somewhat familiar with the GDPR (EU General Data Protection Regulation.) Although this broad set of data regulations is designed to protect the privacy of citizens in the European Union, it will significantly affect US businesses as well. It will also likely lead to a new and costly cybercrime: “GDPR extortion.”…
In today’s post-industrial economy, you are the product. Data detailing your every move is why 34-year old Mark Zuckerberg is worth $54 billion, and Google co-founder Larry Page is worth $50 billion. Your data is incredibly valuable, and for the most part, it is not even yours. But use of your personal data is governed…