How Companies Can Do Data Privacy Better - Deepstash

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How Companies Can Do Data Privacy Better

insight.kellogg.northwestern.edu

Privacy data in the digital world

Consumers in the digital world give away a large part of their personal data. For example, we enter our age and credit card numbers, allow companies to track our behaviour, and often display our geographical location. 

However, customers are also becoming aware of the risks of ...

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A user's decision to participate in an online platform activity depends partly on how many people are using it. This concept is known as "network effects."

Negative network effects often drive privacy risk. The more users, the bigger the company's database, the more attract...

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Research showed that companies would gather more personal information than they need unless policymakers set requirements for data protection. However, if regulators restricted data collection but ignored data protection, companies did no...

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Firms that provide personalised services to users based on how other users behave puts users' personal information at risk, even if hackers don't directly gain access to the database. Hackers might get access to an algorithms' output for real users, then reverse-engineer the info...

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