The "Hidden" Cost Of Privacy

Schneier points out an article from a while back in Forbes about the "hidden" cost of privacy and how expensive it can be to comply with all the various overlapping privacy laws that don't necessarily improve anyone's privacy. "What this all means is that protecting individual privacy remains an externality for many companies, and that basic market dynamics won't work to solve the problem. Because the efficient market solution won't work, we're left with inefficient regulatory solutions. So now the question becomes: how do we make regulation as efficient as possible?"

Comments

Here's how:

[Ethanol-fueled]

1. Fake own death
2. ???
3. Private!

Re:Here's how:

[Logical Zebra]

1. Fake own death

Well, it worked for Elvis.

Re:Here's how:

[interkin3tic]

Privacy for individuals. Transparency for state.

Also glass windows. Windows should definitely be transparent. If they aren't, you need some windex. Otherwise you'll run into hidden costs, like maybe there's a hundred dollars outside your house and you didn't see it because the window was too dirty and it blew away.