Academic Paper Summary

 Academic Paper Summary

Privacy and Security of Personal Information

To address the issue of personal privacy, several technological solutions have been offered. The identity of an individual can be separated from the rest of the information given during a transaction in practically any circumstance imaginable - while making purchases, browsing the Internet, responding to surveys, or doing medical testing, for example. Companies built on those technologies, on the other hand, have struggled to reconcile the interests of the numerous parties involved in the privacy equation, ultimately failing to win widespread adoption. While many people are concerned about the privacy and security of their personal information, economic incentives have not resulted in widespread adoption, and government intervention has increased companies' responsibilities for collecting personal information without determining their liability for data misuse. It appears that "selling" privacy is more difficult than "protecting" it. The ambiguity of the concept of privacy is one of the sources of these challenges. To different people, even scholars who study it, privacy means different things, and it raises different problems at different levels. As a result, "privacy protection" is a nebulous concept. Not only may separate parties have opposing interests and viewpoints on how much information should be disclosed during a transaction, but even the same person may face trade-offs between her want to divulge and her desire to conceal different forms of personal information (Acquisti, 2004).

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https://doi.org/10.1007/1-4020-8090-5_14

Reference(s):

Acquisti, A. (2004). Privacy and Security of Personal Information. In: Camp, L.J., Lewis, S. (eds) Economics of Information Security. Advances in Information Security, vol 12. Springer, Boston, MA.