Under the GDPR’s article 83, fines are divided into two separate categories. The first, which merits a maximum 2% of global revenue, is associated with security violations. The second category merits a more severe fine at 4% of global revenue relate to limiting processing for personal data, gaining consent, and processing data lawfully: Article 15: …
Continue reading “Data Security and Privacy Lessons From Recent GDPR Fines”
Identity and personal data will be vital aspects of living in the future, says will.i.am, a musician and entrepreneur “AT A LUNCH at the World Economic Forum five years ago, guests were asked to predict what people would care about around 2019. My mind raced through thoughts about identity and data. When the host, Marc …
Continue reading “The Economist: We need to own our data as a human right—and be compensated for it”
Following an open selection process, the Commission appointed 23 experts to an Expert Group on Business-to-Government Data Sharing. The Expert Group’s tasks shall be to: identify good practices on B2G data sharing in order to contribute to more efficient and better public service delivery and/or more reliable and evidence-based policymaking; assess the legal, economic and …
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Our Purpose To enable the banking and authorized sharing of personal data between trusted organizations with the same mobility, transparency and governance we apply to currency. The Manifesto Consumers entrust increasingly intimate data to a growing number of providers. With that, comes a new opportunity. This data flowing within a single organization has value. This …
“ Open Banking is the secure way to give providers access to your financial information. It opens the way to new products and services that could help customers and small to medium-sized businesses get a better deal. It could also give you a more detailed understanding of your accounts, and help you find new ways …
Since approval of the European Union General Data Protection Regulation (GDPR) in 2016, it has been widely and repeatedly claimed that a ‘right to explanation’ of all decisions made by automated or artificially intelligent algorithmic systems will be legally mandated by the GDPR once it is in force, in 2018. However, there are several reasons …
“AI is not about reproducing human intelligence, it is about doing without it. [..] Today, AI decouples successful problem solving from intelligent behaviour, and it is thanks to this decoupling that it can relentlessly colonise the boundless space of tasks, whenever these can be successfully performed without any understanding, awareness, sensitivity, concerns, hunches, insights, meaning, …
Continue reading “Digital’s Cleaving Power and Its Consequences”
A good condensed breakdown of the over all GDPR implications. Very useful first stop for the principles of the regulation.
In March 2013, we gathered a few folks who might be open to thoughtful exploration of ecommerce, social media and big data and we sat in a room room for a few hours to discuss and debate the implications for the retail industry. VIDEO 1: WHAT IS DISRUPTING RETAIL? As a consumer, the hum of …