CDP Institute

CBDCs (aka Central Bank Digital Currencies) in your wallet may become the biggest threat to your privacy. Reason is, once financial transactions go digital, our activities can be fully tracked, A new Israeli law that’s about to cap cash transaction size in that country is the newest example of the push to use digital currencies worldwide. To date, more than 90 countries are exploring and expanding use of CBDCs. A newly issued report from Europe’s Central Bank explains the implications and looks at how CBDCs will impact business and privacy. Key Question: Can market forces and resounding demand from consumers for financial privacy ensure a desirable level of CBDC privacy? Absolutely not, this report notes, which is why we need to understand what this is about. This interactive tracker world map shows country status of CBDC adoption.

Projections are for 5 billion citizens to be covered by privacy regulation by 2024 and 60% of large corporations using privacy-enhancing techniques by 2025. Need now, according to Gartner and many others, is for increased transparency, mitigating risk of data misuse, and business commitment to risk reduction including via privacy by design.

Integral Ad Science’s survey of more than 1100 US consumers and nearly 350 media digital media experts confirmed heightened concerns about privacy in advertising and the need to manage expectations and maximize success. Ninety-nine percent of consumers surveyed agreed online privacy is important when browsing online, but only half felt confident their data was secure. Interestingly 52% placed the onus on themselves for security. And, while 57% were uncomfortable receiving targeted ads, they admited to still being very likely to act on those ads (66% said they’d visit the sites, and... Read More >

Google flagged two US fathers for child abuse after the parents sent photos to their child’s pediatrician to diagnose their sons’ illnesses.  This raises significant concern, since these are almost certainly not isolated cases and there was no intermediate step provided by Google to be able to check validity before misinformation was shared with authorities.

The ruling from an Austrian high court deemed the company not liable for defamatory content on websites it provides links to.

This adds to concerns raised by India’s decision to table its data privacy law initiative.

The technology allows this data to stay distributed in its protected environment, while enabling collaboration between parties.

The California suit claims advertisers can use phone numbers and email address data to identify customer behavior and identity.

Amazon has acquired iRobot, the company whose Roomba vacuum revolutionized dust bunny clean up and holds a whopping 56.7% market share. It’s being called “the most dangerous, threatening acquisition” in Amazon’s history. No mean feat, given that just last week the company rocked the medical world with a $3.9B offer for One Medical and got called out a couple weeks before for its Ring security doorbell sharing doorstep data with police departments.

It’s August, and social media sites like Facebook and Instagram are getting a bit of a holiday as regulators spar over how to proceed with Ireland’s draft decision to block EU to US data transfers via standard contractual clauses (SCCs). Problem is that Ireland’s decision is still being reviewed and debated by other country DPOs – and if delays go long enough, Meta and others might be able to keep their data transfers going under a new data transfer deal that goes into effect early 2023.

In data transfer news from farther east, China’s Security Assessment Measures of Cross-Border Transfer rules have been updated and will go into effect September 1. Companies whose cumulative data transfer volumes apply must register with the Cyberspace Administration of China (CAC) to avoid significant fines.

The Global Study on Information Literacy conducted by the Poynter Institute for Media Studies found, of 9,700 respondents world-wide, there is widespread concern over misinformation across all age groups. Nigeria, the US, UK and Brazil ranked highest in comparison with India (24%), Germany (20%) and Japan (20%). Gen Z, Millennials and Gen X were more concerned than older generations.