Data privacy is one of the main concerns of modern corporations and consumers alike. Unlike the initial days of information technology, personal data is something that the modern customer gives away just like that. Companies have also begun using aggressive tactics to get hold of these data. The big 4 of information technology – Apple, Microsoft, Google, and Facebook – have all been accused of unethically collecting users’ data. The battle now seems to be between corporates and aware citizens. In this context, co-founder of the Cirus Foundation Michael Luckhoo talked about the importance of data security and how Cirus plans to enhance it.
According to Luckhoo, the initial idea behind the internet as we know it now was decentralized power. However, things change as we moved into the world of web 2.0 today. No doubt it had huge benefits: better connectivity, faster operations, and more. At the same time, there are some huge drawbacks. Centralized entities and the accumulation of power in the hands of few are the major ones. Since most of these drawbacks pertain to data security and data privacy, many people are unaware of how it is affecting them. Only recently have people become aware, with key roles played by figures such as Edward Snowden and Julian Assange.
Luckhoo also stresses the future, and how web 3.0 has the potential to change things. With web 3.0, the general user is no longer a commodity to be exploited. They are active users and participants in the ecosystem. Luckhoo is optimistic that this move will help people deal better with data security and exploitation.