Abstract
In comments to the Federal Trade Commission, the authors propose a model for evaluating the costs to personal privacy imposed by uses of personal information. Under this proposal, the costs of information flows would be measured against Fair Information Practices, principles that set out the rights and responsibilities of data subjects and data collectors. The authors argue that many economic assumptions regarding the benefits of information flows have not come to fruition, especially in the financial services arena. The authors challenge five specious claims of the information industry: that information flows reduce prices, that customers want personalization, that profiling reduces the number of solicitations that individuals receive; that personal information allows companies to extend consumers more choices, and that information flows reduce fraud.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
