Who is going to regulate the regulators. When the EU GDPR imposes a fine or penalty on a U.S. based organization, who administers said fine and how are those funds directed.
There's such a lack of data protection out there, that a shockingly high amount of identity theft cases happen because of leaks by store clerks/managers, selling information like social security and bank account numbers to the highest bidder, because on top of lack of data protection laws and the public scrutiny mechanisms for their enforcement, to track whatever happens with that information, Americans use credit cards like we use debit ones here at the other side of the pond for everyday purchases, and the process for anybody, even celebrities, to be allowed to extend credit cards to people and thus, gather their personal information as well, is insultingly easy and unregulated. In the end, it all depends on how short a leash you tie capitalism on.
Wow this was so helpful and so much easier to understand than any of the research I could find!
Great presentation!
@phil : this is an old one, however the published date is very recent !
Thanks so much for making this available!!!
Very useful thank you.
THANKS,VERY USEFUL
Who is going to regulate the regulators. When the EU GDPR imposes a fine or penalty on a U.S. based organization, who administers said fine and how are those funds directed.
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The real difference is that the US does NOT have it.
There's such a lack of data protection out there, that a shockingly high amount of identity theft cases happen because of leaks by store clerks/managers, selling information like social security and bank account numbers to the highest bidder, because on top of lack of data protection laws and the public scrutiny mechanisms for their enforcement, to track whatever happens with that information, Americans use credit cards like we use debit ones here at the other side of the pond for everyday purchases, and the process for anybody, even celebrities, to be allowed to extend credit cards to people and thus, gather their personal information as well, is insultingly easy and unregulated.
In the end, it all depends on how short a leash you tie capitalism on.
I'm writing an exam paper about this! Thanks Phil!
Thankyou for this!
he can you send me that exam paper I will get a reference I am also doing the same :)
you randomely mumble you start sentances and finish them low its annoying speak up the whole time