The Cost of Managing Your Privacy

[Caute_cautim]

Hi All

As the privacy reform debate continues in Australia, a familiar concern about the burden of regulation on businesses rings through various consultation processes. But a crucial question often goes unasked: what is it costing Australian consumers?

This report:

• covers key findings from a comprehensive privacy sweep conducted in May 2024
• explains the hidden burden of privacy management on Australian consumers
• gives recommendations for reforms and more effective and fair privacy practices

In the words of the CPRC report, "privacy cannot be an accountability that rests solely on the shoulders of individual Australians."

https://cprc.org.au/report/cost-of-privacy/

Regards

Caute_Cautim

[dcontesti]

Great report, thanks for sharing.

Unfortunately, many folks that have technology are not tech savvy and even worse, many folks have no clue that they can modify the settings on sites.

d

[ElectricLynn]

Nice presentation. Agreed that individuals are not the sole proprietor of their security or privacy. The endeavor is always going to have multiple party involvement with the individual at the center of the wheel.

The estimation of 30 minutes a day is a lot to ask which is why security is a challenge for even the tech savvy as much as IoT changes. Just keeping up with patching, backups, and new security innovations can eat up a whole weekend. The key feature is less data = less management. However, this is not realistic from the social nature of humans.

GDPR has done a lot for corporate accountability to punch international online commerce & social media in the face (and pocketbooks) to bring about more privacy options for individuals than 10 years ago.  Never underestimate that this cost brought on by continuous breaches has been worked into the business equation that gets passed on to consumers like double taxation.

Still, everyone is essentially responsible for their own privacy maintenance just as corporations are still liable for breaches even if outsourced to 3rd party venues like AWS. After all, you can buy a car, but how you drive, maintain and operate the car is regulated and accountable to you as the owner no matter who was behind the wheel of your car.

Thanks for posting 👍👍👍

[Kyaw_Myo_Oo]

Thanks for sharing @Caute_cautim.

[benncathloy25]

Managing your privacy can come with a range of costs, both financial and time-related. On a financial level, investing in robust privacy tools and services, such as VPNs, encryption software, and secure cloud storage, can add up. Additionally, subscribing to premium services often comes with higher price tags like egg rate today. Time-wise, maintaining privacy requires continuous vigilance—regularly updating passwords, monitoring for breaches, and managing privacy settings across various platforms can be time-consuming. Balancing these costs with the need for security is essential; while investing in privacy measures might seem costly, it can help prevent more significant financial and personal losses resulting from privacy breaches or data misuse.

[pamafo]

The recent report highlights the often-overlooked impact of privacy regulations on Australian consumers. Conducted in May 2024, the privacy sweep reveals the hidden costs of privacy management that individuals bear. It stresses that privacy should not be an individual burden but a collective responsibility. The report offers recommendations for more effective and fair privacy practices. As noted, "privacy cannot be an accountability that rests solely on the shoulders of individual Australians." For enhanced privacy management, consider tools like Kinnvois, which can help streamline compliance and reduce consumer burden.