Digital platforms have a responsibility to protect their users' privacy and data, but many have failed to do so.
In a story published in the May 20th edition of the Business Times, Dr. Kostas Anagnostakis, CEO and founder of Niometrics, shared his views on whether dominant digital platforms should be reined in by regulators.
He says that:
“Only 31 per cent of consumers in Asia-Pacific believe that their personal data will be treated in a trustworthy manner by companies that offer digital services. Technology companies, big and small, have contributed to this distrust with the recent slew of data breaches that have compromised users’ personal data.
Digital platforms have a responsibility to protect their users’ privacy and data, but many have failed to do so. Expecting them to voluntarily regulate themselves has not worked either.
Tapping on the knowledge field of privacy engineering, our technology encrypts data from the outset because privacy and security are non-negotiable. We have worked with many digital players to move closer to what customers today demand and require – a balance of data intelligence and insight without compromising their data.”
The full article can be found here.