Is Data Privacy the Next Electronic Border?
Join BearingPoint managing director Warren Zafrin to explore how the Internet’s ability to allow information to flow freely between countries has become the electronic border that will expand or contract depending on the privacy borders.
In 1995, Europe established a privacy law that provides a common privacy framework to protect its citizens from fraudsters. This framework currently does not exist in the US, so without a common privacy framework, fraudsters will continue to take advantage of the inconsistencies of the current policy and enforcement in the US.
To better protect its citizens, officials need to respond to the threats and begin to develop a cohesive strategy to combat fraud. We need to move away from a self-regulated system and implement a government agency that will monitor one centralized system of data. Only then will Americans be protected and confident that their information is secure.