User Data Privacy and Cybersecurity and How Social Commerce can Help

The threat of cyber security has become a growing problem as more and more people turn to online payments. As more and more consumers use new payment methods and e-commerce websites, the issue of cybersecurity has become more critical for businesses. In a MasterCard survey conducted in 18 markets on new payments, the majority of consumers surveyed indicated that they would be willing to consider new payment methods such as digital mobile wallets, QR codes and cryptocurrencies.

The stakes are high, awareness of these issues is increasing and the way companies deal with consumer data and privacy is becoming a point of differentiation and a source of competitive advantage.

Our Privacy, Cybersecurity and Data Asset Management Group works with businesses of all sizes, including companies without internal privacy and cyber capabilities, to develop and implement viable compliance solutions in a pragmatic and cost-effective manner. Much of our work focuses on our customers “evolving” compliance obligations around data protection and security. Through Morgan Lewis’s understanding of best practices and guidance from state and federal regulators, both formal and informal, we develop compliance programs for companies that deal with privacy, security and law.

Data repositories have become an integral part of healthcare companies’ “business models, where the need to protect sensitive information is seen as mission critical”. Our goal is to help customers manage information and harness the incredible value of data and digital technologies in ways that not only meet compliance requirements, but also support innovation, add value to businesses and strengthen brand and consumer confidence.

Kroll’s experts handle complex and high-profile matters around the world, providing timely and seamless information security services ranging from proactive threat assessment and data security to intrusion prevention, cyber investigation, incident response, and breach reporting. We help customers with data security threats that do not include personally identifiable information critical to the operation and value of the business. We carry out projects with regard to your data security, restricting access and usage controls and develop guidelines and procedures for information technology.

Our lawyers in litigation and enforcement assist in issuing securities offers, reviewing and negotiating data vendor contracts, reviewing investment disclosures and analyzing the risks associated with investments and the use of alternative data. In addition, our privacy and cybersecurity attorneys have hands-on business experience that allows us to provide strategic management advice on all aspects of information policy, including privacy, cybersecurity, data breach and record management. In addition, our attorneys advise institutions affected by HIPAA on privacy policies and research.

The team of cybersecurity and privacy experts at Stinson has developed experience in responding to data breaches and complying with a growing number of data protection laws including the European Data Protection Regulation (GDPR), the Telephony Consumer Protection Act (TCPA) and the FTC Telemarketing Sales Rules, the Biometric Information Privacy Act (BIPA) and the California Consumer Privacy Protection Act (CCPA) and a variety of other state laws. Our practice started in the1990’s with the adherence to data protection on the Internet during the Internet boom and extended to previous data protection and security laws such as HIPAA, COPPA, CAN-SPAM and the EU data Directive.

Given today’s problems and privacy concerns in social media, qualified cybersecurity experts play a critical role in protecting the data and personal information of social media users. Although consumer confidence is not always high in how companies handle their data, companies have a huge opportunity to strengthen their privacy plans to protect customer data and improve the overall experience. Here are 50 statistics on consumer data that paint a picture of what businesses need to do to prioritize privacy and the benefits that come with it.

Criminals are adept at getting social media users to hand over sensitive information, steal personal information, and gain access to accounts that users consider private. Typical threats to security and privacy include phishing, social engineering, card and data theft, malware misuse and hacking. The potential impact of data breaches and other security incidents can range from embarrassing to catastrophic.

Incidents of privacy breaches have alarmed many users and forced them to rethink their relationship with social media and the security of their personal information. Furthermore, growing privacy concerns have put the companies responsible for protecting personal data under greater scrutiny. These practices are becoming increasingly important for businesses and consumers as the impact of breaches increases and more regulation determines the time frame for disclosure of data breaches.

Data privacy includes both personal information (PII) and non-identifying information that is aggregated and used to identify user behavior (e.g., website cookie information) and. GDPR requires companies to inform data protection authorities and their data subjects when a data breach is likely to lead to data protection risks for the affected parties. The notification of a breach increases the cost of responding and increases the likelihood that data subjects will make claims against the company. CCPA strengthens the right of individuals to access and protect their personal data. Medical information is highly sensitive, and compliance with data protection and security is a key concern for healthcare companies.

The use of personal data must be explained to consumers in a simple and transparent way, and in most cases consumers have to give their consent before personal data can be made available. Data protection came to the forefront with the introduction of the GDPR (General Data Protection Regulation) in the European Union in 2018. GDPR updates old data protection laws to reflect today’s technological changes. Businesses have taken several effective measures to meet and improve consumer privacy and data protection requirements. The PCI-DSS is a requirement for the protection of cardholder data defined by the PCI Security Standards Council (PCI SSC) and enforced by card manufacturers.

Social Commerce is a combination of two industries that are very familiar to users. The only platform that can allow a user to do both socializing and online commerce (shopping) is HubFul.com.

Sure, there are other websites that you can use one or the other, but not in the way HubFul.com is going to allow users to do. HubFul.com has even created their website to allow users, no matter where they live in this world, the chance to have a way to, “Shop. Socialize. Share. Repeat.”

HubFul.com is a platform that has been built from scratch over the last 11 years by the Founder and CEO, Gregory Fisher.

HubFul.com is built around users with only the bare minimum of data that customizes our platform to the user, and not the other way around. No more do users have to suffer with their privacy being invaded or being sold out by Big Tech. We at HubFul.com are going to be at the forefront of holding big tech accountable for their actions when they sell out their users or try to hide behind a ridiculous rule (Section 230). We believe that if a tech company is allowing its users to “publish/post” anything on their sites, then they need to be liable for the actions they take when they actively choose to become a Censor Enforcer and try to “hide” the truth and labels of False News or Misinformation.

We are working on creating a new encryption solution that will take the hack out of hackers forever and allow the internet to be safe for every user, no matter their opinion! We are all in this world together, it’s time that we stand for equal rights for everyone.

It is time that we stand up for our rights to know the truth when it comes to our country, just like any other country has the same right for their citizens to know the truth. PERIOD!

HubFul.com’s Founder and CEO, Mr. Fisher has spent numerous hours trying to combine everything in such a way that allows users to be IN CONTROL of their DATA, by allowing them to share their data with whichever company they want to share it with (and they can always revoke that data at any time).

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Reference Sources

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