![]() Guidance on how to rein in data collection could be helpful to businesses, says Bryan Orme, principal and partner at GuidePoint Security. “If you have privacy by design, you have better data security already, because then there are more levels of technologies in between, like encryption technologies, that protect users’ data,” said FPF’s Lee.Įxtensive data collection can come back to burn companies when a security incident occurs, as numerous data breaches have shown. Both FPF’s Lee and David Brody with the Lawyers’ Committee for Civil Rights Under Law noted to lawmakers that identity theft and its financial impact are more likely to affect communities of color, data backed up by Federal Trade Commission and a report last year by Malwarebytes. In 2021, the Federal Trade Commission received nearly 1.4 million reports of identity theft. That includes the kind of personal information cybercriminals rely on to commit identity theft and other fraud.ĭata minimization, in addition to requirements that companies designate privacy and data security officers, would help consumers from “day one” testified Bertram Lee Jr., senior policy counsel for data, decision-making and artificial intelligence at the Future of Privacy Forum (FPF). Privacy experts at a House Energy and Commerce Committee hearing on Tuesday praised a provision in the American Data Privacy and Protection Act focused on data minimization, which requires companies to limit the collection and retention beyond what is necessary for their operations. ![]() ![]() Long-awaited federal privacy legislation could be a powerful tool in the fight against online fraud, some experts say. ![]()
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