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Powering the Digital Economy

Regulatory Approaches to Securing Consumer Privacy, Trust and Security

image of Powering the Digital Economy

The report provides an outline of the value and the functioning of the digital economy, as well as requirements and considerations in terms of ICT and privacy regulation. It explores the issues of online privacy, trust and security, and how these influence and drive online data business models and data markets. It further examines the notion of trusted digital identity and what it means in terms of security by providing examples of digital identity systems.

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Data security

With personal data, when examining the issues of trust and security, it is important to remember that data is, at all times, owned by the data subject and that data has a value. It may be ‘leased’ to organizations, but the owner is ultimately the person who the data refers to. As with more traditional valuable assets, data is also subject to theft or malicious damage – and the more often the general public sees data breaches, the less inclined they will be to share personal data (a ‘tipping point’ was discussed earlier). With personal data being the lifeblood of the digital economy, its free flow is built on consent, and trust is crucial.

English

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