Venmo was also found to violate the Gramm - Leach - Bliley Act's Safeguards Rule, which requires financial institutions to have safeguards that protect the «security, confidentiality, and integrity of customer information,» and Privacy Rule, which requires the delivery
of privacy notices to customers.
The Information Commissioner's Office (ICO) has called for an overhaul
of privacy notices that leave consumers baffled by unnecessary legalese.
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Tom Morrison, associate, Rollits, says: «In an attempt to comply with the law some organisations have lost sight of the primary purpose
of a privacy notice; to enable individuals to ascertain how their personal information will be handled, rather than to tick a box saying that a section of the Data Protection Act 1998 has been complied with.
«The effectiveness
of a privacy notice is generally inversely proportionate to its length and complexity.
Not exact matches
«There is no independent judicial oversight or authorization, nor a process for effective independent review
of technical capability
notices and their requirements,»
Privacy International noted.
«As a matter
of principle, therefore, we respectfully disagree with the CNIL's assertion
of global authority on this issue and we have asked the CNIL to withdraw its formal
notice,» wrote Peter Fleischer, Google's global
privacy counsel.
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Responding to Reddit CEO's Yishan Wong's declaration that the site was «a new kind
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«
Of surveyed websites, 61 % transmitted identifying information to at least one outside web domain, following the rules of the posted privacy notice, yet most users state they never approved of being tracked online.&raqu
Of surveyed websites, 61 % transmitted identifying information to at least one outside web domain, following the rules
of the posted privacy notice, yet most users state they never approved of being tracked online.&raqu
of the posted
privacy notice, yet most users state they never approved
of being tracked online.&raqu
of being tracked online.»
Participants in the study were asked to evaluate a series
of hypothetical online experiences and rate to what degree the experiences met their
privacy expectations and conformed to
privacy notices.
«The difference between the level
of privacy consumers think they have after reading a
privacy notice and the level
of privacy they actually have can be striking,» writes the author
of the study, Kirsten Martin
of George Washington University School
of Business.
This policy may be supplemented by additional
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