The argument that privacy stifles Big Data innovation reflects a dated, zero-sum mindset. It is a false dichotomy, consisting of unnecessary trade-offs between the benefits of Big Data and the protection of personal information within Big Data sets. In fact, the opposite is true—privacy drives innovation and it forces innovators to think creatively to find solutions that serve multiple functionalities. We need to abandon zero-sum thinking and adopt a positive-sum paradigm where both Big Data innovation and privacy may be achieved.
New organization created to educate governments and businesses on how to develop policies and technologies where privacy, public safety and Big Data work together for positive-sum, win-win outcomes.
Today’s announcement by six banks that they are jointly investing $20.5 million ($27 milion CDN) in a fin-tech start-up called SecureKey is part of an ambitious plan to roll out a national digital identity network in Canada that aims to offer a secure way for consumers to exchange all types of personal data.
Privacy By Design (PbD) was developed by former Ontario, Canada Information & Privacy Commissioner, Dr. Ann Cavoukian in the late 1990s. As a framework of foundational principles for protecting individual consumer’s data privacy rights, PbD’s promotion of strong privacy defaults, effective notice, and empowerment of user-friendly privacy options has been widely acclaimed by privacy professionals worldwide. Yet it would be wrong to say that the principles of PbD have been aggressively applied in actual practice. Why not?