It’s one thing when an insurance company asks you to install an appliance that tracks your driving habits. You can qualify for rate discounts. But what if the car manufacturer installs an app that sends the data to the insurer?
“App Tracks Driving Habits,” The Wall Street Journal, July 6, 2018 B3. Mitsubishi installs app and offers to arrange to send data to insurers.
Again, this looks like someone else stepping in and trying to make money from sharing your data, not theirs. Will this, as this article says, lead to insurers economically forcing you to share this information? How you drive is one thing; but this would also include where you go, and when. And can be tied to your credit rating, ZIP code, age, gender, etc.
What’s this data worth to you? More or less than what it is worth to Mitsubishi and the insurance companies? What will they do with this data once they have it? Will they keep it secure? Do they do this on cars sold in Europe or, for that matter, Japan? Both countries have significantly stronger privacy protections than the US.
“Cheap Phones Grab User Data,” The Wall Street Journal, July 6, 2018 B1. Cell phones sold in developing countries with limited privacy protections loaded with programs that harvest data.
While the phone give free access to the Internet, they are loaded with apps that track the user’s location, run targeted ads, and send usage data to the phone manufacturers. But the users aren’t given a choice, beyond whether they want a phone or not.
Is this similar to the Faustian bargain already made in developing countries, trading our privacy for access to Facebook or Google or Amazon? At least we were given the choice. Sort of. And we have privacy laws. Sort of.
“Sweeping Privacy Bill Passes in California,” The Wall Street Journal, June 29, 2018 B1. State law gives us the right to not share our data online, and to prohibit the sale of that information. Downside: it may cost you more.
This will be hugely disruptive for online businesses. But it does get to the question: “Who owns ‘your’ data?”
Filed under Access, Compliance, Compliance (General), Controls, Corporation, Duty, Governance, Information, Ownership, Privacy, Value
Sometimes tracking is a good thing.
“Tech to Track Errant Kegs,” The Wall Street Journal, June 21, 2018 B4. Sensors installed to reduce 10% shrinkage rate from theft or misplacement of beer kegs. Could also track temperature.
Do you track similar information? Is this more or less valuable than knowing what records you have and where you have them?
“Tesla Accuses Former Employee of ‘Sabotage,'” The Wall Street Journal, June 21, 2018 B3. Did a former employee hack Tesla’s manufacturing software and trade secrets and transfer information outside the company? Was this for convenience, or was it theft? Or to give to the press?
Do you have adequate controls to prevent this? Or to discover it? Who’s responsible if your controls fail?
Will the directors or senior officers be punished? Did they fail in their obligations to protect the corporation’s assets? Or is it just the shareholders who pay? And pay, and pay.
Filed under Access, Board, Compliance, Controls, Corporation, Directors, Duty, Duty of Care, Employees, Governance, Information, Internal controls, Management, Oversight, Oversight, Protect, Protect assets, Protect information assets, Third parties, Value
“Old Spy Plane Tries to Learn New Tricks,” The Wall Street Journal, June 8, 2018 A3. Using new data analytical techniques to harvest more information from U2 spy photos taken from 70,000 feet, freeing up human viewers for other duties.
What old information do you have that you could process differently with newly available technology? What value could you harvest?
Interesting Journal Report on health care technology. Several articles on new uses of information, or uses of new information, in order to do everything from brain surgery to looking after aging parents.
- “Augmented Reality Gives Brain Surgeons a Better View,” The Wall Street Journal, May 29, 2018 R1.
- “AI Tools Help the Blind Tackle Everyday Tasks,” The Wall Street Journal, May 29, 2018 R4.
- “Robots and Chatbots Look After the Elderly,” The Wall Street Journal, May 29, 2018 R6.
- “Apps Promise to Help Avoid Pregnancy,” The Wall Street Journal, May 29, 2018 R7.
- “For Those With Dementia, an Assist From Technology,” The Wall Street Journal, May 29, 2018 R8.
- “Doctors, Beware: You’re Being Watched,” The Wall Street Journal, May 29, 2018 R10.”