Database Data Mining the Silent Invasion of Privacy

Database Data Mining: The Silent Invasion of Privacy Database Data Mining: The Silent Invasion of Privacy Dustin Johnson University of Maryland University College As coined in an article in the St. Louis Post-Dispatch by Aisha Sultan, â€Å"Data is the new world currency.† Data mining is the process of analyzing data from different perspectives and then summarizing it into useful information. In essence is it applying all different types of what if scenarios on large swaths of data to get possible results to aid in better decision making. This sort of decision making isn’t something new, it’s the technology aiding the decision making that is new. This has reduced the amount of time it takes in the decision making process and given the†¦show more content†¦But after realizing that companies can’t govern themselves since the allure of profits from selling consumer information they collect to other agencies is so great, the FTC has had a change of mind and is now promoting the effort of government regulation of protection of privacy of consumer data. Now this brings up a good question. What has the FTC done t o promote standards/regulations to protect consumer privacy data and what are the punishments for not complying with those standards and regulations. The FTC had advised congress on enacting laws to protect consumer privacy. Some of those laws are the Children’s’ Privacy Protection Act of 1998, Gramm-Leach-Bliley Financial Modernization Act (GLBA), Cable Communications Policy Act of 1984, Communications Assistance for Law Enforcement Act of 1994, Driver Privacy Protection Act of 1994, Electronic Communications Privacy Act of 1986, Electronic Fund Transfer Act, Fair Credit Reporting Act, and the Federal Privacy Act (Kim). Most of these regulations are predominantly enacted for the public sector in order to prevent illegal gathering of information by government agencies at the federal, state, and local level. It is also the FTC that handles the cases against companies that don’t comply with these regulations besides promoting further enhancement of regulations. 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