The EU and the USA have different approaches to the data protection. Which, if either, is likely to be more sustainable in the f

The EU and the USA have different approaches to the data protection. Which, if either, is likely to be more sustainable in the f Essay example
Masters
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Finance & Accounting
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The EU and US Data Protection Approaches and their Sustainability Name: MN30281: Privacy, Trust and Security in Information Systems Dr. Richard Kamm School of Management, University of Bath City and State: Date: The EU and US Data Protection Approaches Introduction The world is increasingly becoming data driven as information technology is rapidly advancing and spreading…

Introduction

Personal data is information about an individual who can either be identified or identifiable (Maria, 2013). Armed with this information these organizations can gain comparative advantage over their competitors as they can use this information to make key decisions on consumer focus. However, of late data breaches have increased and many individuals are complaining that their personal data is being used without their consent and to their detriment. The governments have thus started putting measures and legislations in place to enforce data protection practices. The US and the EU are among the blocs that have been on the forefront to promote data protection and hence privacy. The right to privacy is a fundamental human right (Warren and Brandeis, 1890). Whereas the US has no specific regulation scheme that is designed to regulate the collection, processing and transfer of personal information, the EU has one. The EU regulation scheme is known as the UE Data Protection Directive and was instituted in October 1995. All the member countries are signatories to it and apply the Directive by incorporating its provisions in their laws governing data protection (Kuner, 2003). ...
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