QS Access: New Data Privacy Legislation on the Horizon
January 16, 2015
“If we’re going to be connected, then we need to be protected. As Americans, we shouldn’t have to forfeit our basic privacy when we go online to do our business”. – U.S. President Barak Obama
In a speech this week at the the Federal Trade Commission President Obama spoke about new measures he hopes to bring forward in 2015 focused on consumer and student data privacy. In his speech he outlined four key focus areas his administration will be working on in 2015:
- Providing a federal standard for reporting data breaches. This will establish a 30-day notification requirement for companies if customer information has been exposed.
- Signing up major financial institutions to agree to release credit score information to their customers free of charge.
- Protection of data gathered by companies operating in the education sector. Companies will be prevented from selling student data to third parties.
- The introduction of a Consumer Privacy Bill of Rights.
It remains to be seen how these initiatives will affect the companies currently collecting and storing personal self-tracking information. We’ll follow along closely in our Access channel so stay tuned.
Quantified Self Labs is dedicated to the idea that data access matters. Moving forward, we’re going to be exploring different aspects of how data access affects our personal and public lives. Stay tuned to our QS Access channel for more news, thoughts, and insights.