New Data Privacy Laws Ensure Protection

The internet is world that is foreign to many people and for those who are not fully educated or careful will learn that it can be a detrimental place. Each day thousands of people exchange and transfer personal information without hesitation. Sometimes this information is not fully protected and gets into the hands of the wrong people. The article I read explores a new, stricter law that is ensuring protection and forcing companies to reinvent their protection methods. Specifics of the law may vary from state to state but the main point is to better protect customer data by encrypting sensitive information.
I think this is serious issue for a few reasons. First off people these days are very open and trusting when it comes to giving their information to others over the internet. Personally, I never think twice when I order something from a website or think to make sure that the company has software to protect my data. This article has made me think that perhaps I should be a bit more hesitant when giving my credit card number out. Secondly, this is an issue that must be addressed because it is not something that will go away. The internet is a growing world. People rely on it to do daily business transactions more and more everyday. It is imperative that companies figure out a way to ensure customers that their information is secure.
I foresee a few problems that could arise for companies as a result of this law. First off, it is costly to protect all forms of incoming information. The article states that the Massachusetts government predicts that a small company will need to spend an estimated $3,000 down payment on top of a $500 a month to obey new regulations. This money will have to come out of the company owners pockets and could cause financial issues. Another issue is that people are protected by the law if it exists in their state; even if it does not exist in the state that there information is being giving to. Companies that do business all over the United States will need to comply with these laws even if they do not exist in the state which they are based. In layman’s terms this means the majority of large companies will have to purchase security technology in preparation for these laws being passed. Lastly, the law created a liability that holds companies accountable for not protecting sensitive information. As Ms. Grant stated in the article, these new laws may force companies to “reprioritize projects” which can be a nuisance but she also agrees that it does need to be done.
I fully support this law. The internet is an essential aspect of many people’s lives and it should be a safe place where information is exchanged freely. Customers should feel at ease that companies have their best interest in mind. I am surprised that a law is even needed because I would expect any respectable company would want to protect their customer’s information.