Kaus Phaltankar, CEO and Co-founder of Caveonix, believes that the lack of privacy concern in the US is because most consumers aren’t aware of how their personal data is being used across social platforms – and they don’t realise it until it has a direct impact on them. Here he draws attention to the alarming reality of data privacy and the ways in which users need to be more aware and why social media organisations must prioritise transparency.
Data privacy has become a critical concern in today’s digital age, where personal information is increasingly shared and collected. However, despite the potential risks associated with data leakage and identity theft, many consumers seem unaware or indifferent to the importance of protecting their personal data. In fact, people do not really think of the amount of data they generate every day via social media platforms and e-commerce (i.e., Amazon, Instagram, FB marketplace, different brand sites, etc.). Also, many individuals are unaware that their personal data is being utilised for micro-targeted advertisements, algorithmic processing and commercial exploitation, all of which pose significant risks to data privacy and security. The Cambridge Analytica scandal serves as a prime example of the harmful consequences that can arise from such practices.
The lack of sensitivity or concern towards data privacy primarily stems from a combination of limited knowledge and partial awareness. This, coupled with the allure of convenience and entertainment provided by digital offerings, leads individuals to perceive the benefits of sharing their data outweigh the potential risks. Consequently, warning signs and red flags regarding data privacy often go unnoticed or are blissfully ignored.
Why data privacy isn’t top of mind for today’s consumers:
1. Lack of awareness of pitfalls of data leakage: The lack of sensitivity or concern towards data privacy primarily stems from a combination of limited knowledge and partial awareness. From targeted profiling by bad actors to location tracking and favorite associates, consumers often underestimate the risks associated with sharing their personal information. The alarming reality is that personal data can be misused by ill-intentioned individuals, leading to identity theft, financial fraud, or even physical harm.
2. Desensitisation to data exploitation: Consumers have grown numb to the exploitation of their personal data. The constant collection and use of personal information by social media platforms and online retailers have become the norm. This desensitisation is a consequence of accepting data exploitation as a foregone occurrence.
3. Convenience over privacy: In an era of seamless digital experiences and personalised recommendations, consumers often prioritise convenience over data privacy concerns. The trade-off between convenience and privacy creates a perception that the benefits of sharing personal information outweigh the potential risks.
4. Trust in large enterprises: Consumers often place unwavering trust in large enterprises, assuming they implement robust security measures to protect personal data. They don’t realise that while many large companies invest heavily in security and compliance, no system is entirely foolproof. Data breaches and leaks occur even in the most trusted organisations.
How social platforms hide data privacy concerns and its implications
1. Complicated privacy settings process: Social media platforms often employ complex privacy settings that are difficult to navigate, intentionally making it challenging for users to have granular control over their personal data. This complexity inadvertently encourages users to default to less secure settings, compromising their privacy and leaving their personal information vulnerable to exploitation.
2. Customised benefits in exchange for personal data: Social media platforms entice users with personalised benefits like tailored shopping recommendations and targeted advertising, fostering the belief that sharing personal data is essential for a customised online experience. This can lead users to willingly disclose their information without grasping the full extent of the potential risks involved.
3. Ambiguous privacy policies: Lengthy and convoluted privacy policies create a sense of confusion among users, making it difficult for them to comprehend how their data is being collected, used and shared. Social platforms exploit this confusion, leaving users unsure about the true extent of data exposure.
Steps social media organisations must take to improve data security and compliance efforts
Social media organisations must prioritise transparency by clearly communicating their data collection and usage practices to users. Simplifying privacy settings and providing user-friendly interfaces can encourage individuals to manage their data privacy actively. Here are steps that social media organisations should take to protect user data:
1. Educate users: Educating consumers about the potential dangers and real-life implications of data leakage is crucial in raising awareness and promoting the importance of data privacy. Social media companies should invest in educating users about data privacy and security best practices. This can be done through user-friendly tutorials, educational resources and proactive notifications regarding privacy settings and potential risks.
2. Empower users with control over their data: Social media companies should provide users with granular privacy options, allowing them to customise the sharing and visibility of their personal information easily.
3. Simplify privacy settings for user convenience: Social media platforms can simplify privacy settings by categorising them as Low, Medium and High. This user-friendly approach alleviates confusion and enhances ease of use. By selecting a preset privacy mode, such as Low, Medium, or High, users can effortlessly secure their personal dataas the platform automatically configures the appropriate privacy settings. This simplification grants users greater control over their privacy preferences while minimising complexity and confusion.
4. Leverage influencers as advocates for cybersecurity: Social media platforms can tap into the potential of influencers to educate and empower users in protecting themselves and their children from cybercrimes. Influencers are an effective medium for conveying important information. By engaging influencers to raise awareness, social media platforms can actively serve the public by providing valuable insights and guidance on cybersecurity measures. This strategic collaboration not only enhances public education but also strengthens the platform’s commitment to users’ data privacy and safety.
Data privacy rarely crosses people’s minds until they face the consequences head-on. However, it is crucial for consumers to realise that data leaks can transform your online experience into an undesirable journey. Bad actors are prepared to exploit your identity, perpetrate extensive theft, or even commit heinous acts. Therefore, everyone must exercise caution before casually pressing the ‘share’ button.
