12/31/2023 0 Comments Spideroak support![]() ![]() The company accomplishes this by never having access to plaintext data and therefore divorcing itself from the ability to monetize this information under any circumstance. Operating from the opposite approach, SpiderOak's 'Zero-Knowledge' privacy environment gives the freedom of data back to users. This is goal of the Right to Know Act - to increase transparency and enable greater information flow. However, imagine how much more powerful those connections could be with full consent and understanding. The business model of collection and sale of information - if well managed - can provide great benefit to all parties involved. To be clear, the Right to Know Act is not an attack on any one company's ability to collect and sell user information or to overburden a company's ability to provide such information. At present, we 'consumers' must take our rights into our own hands. However, Americans remain in the dark and will continue to do so until the Right to Know Act has the opportunity to be heard and discussed publicly. Companies operating there, including Facebook and Google, already disclose their information-gathering activity to consumers. Twenty-seven countries in the European Union already recognize the risk of having user information available for harvesting. Information about your health problems, sexual preference, political views and income is fair game for data collection. According to research done for the Right to Know Act, some websites employ up to 100 tracking devices to gather information on users. The result is the same as in any unregulated industry - companies can make enormous amounts of money at the expense of unwilling or unknowing participants. ![]() But data mines, unlike oil wells and coal mines, don't have any regulations or standards in place. Techies like to say "data is the new oil." New technologies have made data mining, the practice of analyzing and profiting from vast amounts of consumer information, easier than ever. We stand behind the Right to Know Act in its current form and hope others - individuals and companies alike - will join the cause toward a more transparent tomorrow." Increased transparency will definitively create a greater level of trust between online entities and thus further drive innovation. "Individuals have the right to know how companies collect and share their information, and companies should value this user trust instead of running away from it. "To say that user knowledge impacts profitability sounds particularly shortsighted," said Ethan Oberman, CEO of SpiderOak, the 'Zero-Knowledge' privacy cloud technologies provider. It appears as though these billion-dollar businesses think that increased transparency just might impact their profits. Presently, it won't be discussed until January of next year, at the earliest. Their lobbyists have twice delayed the bill from being heard in front of the California State Legislature. The ultimate goal is transparency - to better educate you about who and what has access to your data.Ī gaggle of tech giants from Google to Facebook to Microsoft want to stop the bill's passage. The Right to Know Act requires companies to disclose what information they have gathered about you and with whom they have shared this information. California AB1291 - the 'Right to Know' Act - is slated to change all this. Then your information is packaged and sold, all in the name of profit.Ĭurrently, companies are trying to do everything they can to hide this simple fact - that they are gathering and then selling this information about you. Companies are gathering every piece of personal data they can get their hands on, including your browsing habits, physical location and the applications you use on your computer, phone or tablet. SAN FRANCISCO, CA-(Marketwired - May 23, 2013) - If you are connected to the Internet at the moment, then there is a pretty good chance your information is being collected.
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