In today’s “Technology age,” the protection of personal data is becoming increasingly important. The term “personal data” refers to all personal information that’s used to identify a person. Nearly every transaction, the profile you make either online or offline involves handing over some form of personal data in return. Companies that handle and store customer’s personal information, including those who use electronic means to do so such as social media companies, job portals, property sites, etc. have an obligation to safeguard such data, but most of them fail in doing so. There is always constant news nowadays regarding data breach in big companies like Facebook, Google, and others where personal data of millions of users get compromised, and users can do nothing as such to tackle against such scenarios. In spite of knowing such risk and issue, people still tend to use it, and Companies such as Google, Facebook, and Amazon have built empires with people’s personal data. The data that has been hacked or compromised will later be sold. There’s a lucrative black market for data, and hackers often sell the information in bulk to professional scammers, competitor companies, etc.
Once a scammer obtains your personal information, there are many ways they can use it to infiltrate your personal and professional life. Ignoring the protection of personal data can cause lots of issues such as:
- Attempt to break into your social media accounts and gain access to information about your family and friends
- Private conversations that a person might have done with other person or businesses
- Obtain private information about your company or business
- Access your bank or utility accounts.
- Identity theft
- Blackmail and Ransom for not leaking personal data
The purpose of personal data protection is essential and isn’t just to protect a person’s data, but to protect the fundamental rights and freedoms of the person as well. Hence, ensuring person’s, personal data protection also means that a person’s rights and freedoms aren’t being violated. Personal data protection also helps in maintaining privacy; another thing that people are unable to continue. Several companies and different technologies such as blockchain are being used to solve these issues but still haven’t got the success that they wanted. The future will be bright and much safer if such technologies are built by different people/companies that actually help in maintaining personal information protection.