The Date Leak- and Why is it crucial to
save the data?
The Problem
There has been constant news about data leakage
from the giant online companies like Facebook and twitter. With the advancement
of technologies, the online market has grown.
Every information related to human beings- like
their name, address, and their entire history of being friends, chatting,
shopping everything is stored online.
Identity theft is currently a gold mine for
cybercriminals—one that reached an all-time high in 2016, with up to $16
billion worth of losses caused by fraud and identity theft.
Even, biometric information is also saved by the
government like in India- Aadhaar.
What is the importance of data
collection?
Data collection is a way to describe a process of
preparing and collection data. Furthermore, data collection can be defined as
an important aspect of any type of research study.
Technology is simply a tool that enables us to
collect and process information faster. Gathering data and determining
basic information – the who, what, when, where – is the extent to which
technology can assist.
What is the importance of personal
data?
Data is becoming more and more valuable. The phrase
is famous- the data is new oil.
Skills and opportunities for retrieving different
types of personal data are evolving extremely fast. Unauthorized, careless or
ignorant processing of personal data can cause great harm to persons and to
companies.
The personal data is personal, but it will impact
on the fundamental rights and freedom of the individual as well. For example,
incorrect processing of personal data, might bring about a situation where a
person is overlooked for a job opportunity or, even worse, loses current job.
Not complying with the personal data protection
regulations can lead to even harsher situations, where it’s possible to extract
all the money from a person’s bank account or even cause a life-threatening
situation by manipulating health information.
Data
Localization
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Data protection regulations are necessary for
ensuring and fair and consumer friendly commerce and provision of services.
Personal data protection regulations cause a situation, where, for example,
personal data can’t be sold freely which means that people have a greater
control over who makes them offers and what kind of offers they make.
If personal data is leaked, it can cause companies
significant damage to their reputation.
The Controversy related to India
The Indian cyber security machinery, in
collaboration with a self-proclaimed anonymous French security researcher who has
been vocal about data security through his Twitter account, claimed to have
plugged a major data leak over the course of the last nine days.
The researcher, who goes by the display name Elliot
Alderson on Twitter, had on March 10 tweeted that two “Indian governmental
websites” were leaking “300,000 and 5,000 documents IDs including Aadhaar
cards.”
How the data can be misused?
According to experts, the most likely security
risks for consumers range from the annoying (more spam in their email inboxes)
to potentially much more dangerous targeted "phishing" emails, where
the sender disguises himself as a trusted individual or organization in order
to trick the recipient into clicking a link that will download malware onto his
or her computer or into giving the sender confidential information such as a
password, credit card or Social Security number.
Personal information is the currency of the
underground economy. It's literally what cybercriminals trade in. Hackers who
obtain this data can sell it to a variety of buyers, including identity
thieves, organized crime rings, spammers and botnet operators, who use the data
to make even more money.
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Data
is the new Oil
|
Spammers, for example, might get a fresh list of
email addresses to which they can send Viagra and Cialis offers. They make
money (say $1 per click) off response rates or website/pop-up ad impressions.
Meanwhile, identity thieves could use the email addresses to create a phishing
scheme designed to trick people into giving up their bank account or credit
card numbers
Some malware installs key-logging software that
records usernames and passwords when they log on to their various online
accounts. If one of those accounts is a bank account, cybercriminals can
quickly empty it.
If cybercriminals get only the last four digits of
your credit or debit card, they may be able to use it to reset your password on
an ecommerce site.
Conclusion
The data has been essential to store to provide
various benefits to the citizens, yet there are various incidents of data
breach.
In long term that can even compromise with
fundamental rights, therefore, the security remains the crucial issue. Since
the international whistle-blower Snowden has emphasized on the ‘ privacy’ of
individual data and how government agencies have been dealing with personal
data, the issue still remains lost in shadows.
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