This is the weekly Market Watch alert from Ctrl-Shift keeping you posted about news and developments in the personal information economy.
 

Google acquires Divide, an app that separates personal and professional data on your phone - IBNLive

26 May 2014 07:37 pm



The Divide app is mainly focused on corporates wanting to separate the data employees hold on their phones relating to work from private/personal data. Nevertheless, here is another tool and another initiative that makes it possible for individuals to manage different 'personas' - and manage their privacy and data as a personal setting.
Read More
share on Twitter  

Banks trump government on public trust over personal data | Guardian Professional

26 May 2014 07:50 pm



New research from Unisys says that 53% of the public feel confident that banks are able to handle and protect their personal information, compared to just 31% who trust the Government. Surveys like this often obscure as much as they enlighten. Trust in holding data securely (as in holding money securely) may not be the same as trust in 'acting in my interests'. Nevertheless the research does underline just how toxic the Snowden revelations have been for Governments.
Read More
share on Twitter  

Call for ‘privacy charter’ to protect personal data online - Computing

23 May 2014 07:11 pm



New research by KPMG and Censuswide reports consumer dissatisfaction with the way organisations handle their personal data. Stephen Bonner, partner for KPMG’s Information Protection and Business Resilience said: "Consumers would like to see the creation of a compliance framework within which everyone can operate and which would provide some level of comfort that consumer needs are being more widely considered." The research found that 82 of those surveyed thought their should be legal implications for organisations that suffer data breaches, and 84% thought consumers should be compensated if companies make money from their personal information.
Read More
share on Twitter  

Your banker wants to know if you are pregnant - Forbes

23 May 2014 07:01 pm



Banks are encouraging customers to share more data about themselves as remote banking via smart devices erodes consumer relationships. The decline in face to face banking has made it harder for banks to develop relationships with customers resulting in a decline in customer satisfaction. Wells Fargo Bank has said reported that “building relationships around individuals” leads to 65% higher revenue, with active customers 2.2 times more profitable than less active ones. HSBC has been contacting its premier clients asking for more insight into their lives as an attempt to improve customer relationships in a transparent way.
Read More
share on Twitter  

Facebook in new privacy push - The Telegraph

23 May 2014 06:47 pm



Facebook has taken on board user feedback and has increased its security setting to protect users privacy. The default privacy setting has been changed from public to just friends, and users will be prompted to select who they wish to share their information with when posting. The update also includes a privacy checkup tool which allows users to adjust their settings at any time, including changing the settings of previously posted content. Founder and CEO Mark Zuckerberg called it an “important cultural shift”.
Read More
share on Twitter  

Internet ‘Do Not Track’ system is in shatters - Computerworld

23 May 2014 06:23 pm



Computerworld reports on the failures of Do Not Track to effectively protects internet users from prying eyes. Disagreement between web companies, ad agencies and other stakeholders on what ‘do not track’ really means, has inhibited its effectiveness. Alternative plugin services like Ghostery and AdBlock Plus are emerging which “work better because using them is like locking your house, versus putting a sign in your yard that says, ‘keep out’.”
Read More
share on Twitter  

Looking for opportunity in smart devices? Start with the user - Forbes

23 May 2014 05:54 pm



With the projected market for home automation devices is estimated at $14.1 billion by 2018, Forbes reports that the key will be recognising the role humans play in create value from smart devices. Many smart devices being developed rely on device-level data. However, the opportunity could be in creating devices that interpret the data to provide real value for people.
Read More
share on Twitter  

Reading privacy policies lowers trust - Science Daily

22 May 2014 01:36 pm



US researchers have found that long-winded and complicated privacy policies increase consumer concerns about how their personal data is used by organisations. The research entitled ‘Effects of perceived privacy protection: does ready privacy notices matter’ for the International Journal of Services Standards found that a third of respondents were concerned their information would be shared externally after reading privacy policies.
Read More
share on Twitter  

The Internet of you - MIT Technology Review

22 May 2014 12:37 pm



MIT technology Review reports on the impact of wearable technologies on the Internet of Things. As more and more smart devices are being developed, they consider how wearable technologies could enable individuals to be the point of integration for all of their connected devices.
Read More
share on Twitter  

Why companies should compete for your privacy - Harvard Business School

22 May 2014 11:51 am



In this Q&A, authors of the working paper ‘ Competing with Privacy’, Ramon Casadesus-Masanell and Andres Hervas-Drane discuss how disclosure of personal information affects competition between organisations. They note that increasing consumer awareness of disclosure practices and familiarity with their implications has caused consumers to be think more carefully about the pros and cons of sharing their information. They believe the ‘Do Not Track’ initiative has largely failed: “it simplifies the process for consumers to inform online services that they do not wish their activities to be tracked, yet compliance is voluntary and major industry players have not adhered to the initiative or dropped out over time.”
Read More
share on Twitter  
Copyright © 2014 Ctrl-Shift Ltd, All rights reserved.
Email Marketing Powered by Mailchimp
sign up to get this email | update subscription preferences | unsubscribe from this list