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African central banks come together for data sharing TechSprint 6 hours ago
Source: Fintech Sandpit Four Central Banks in Africa are looking at ways to share data to enable greater access to finance and promote COVID-19 recovery through collaboration with the RecovTech (Recovery Technology) TechSprint, commencing this week. Participants will work together to co-design a data sharing platform to address the international “data silos” and identify key “data deserts” where data is not available on key demographics of the population.
By Aaron Nicodemus2021-05-21T16:50:00+01:00
A recent survey of 100 executives from Fortune 500 companies found more than half are struggling to balance easy access to company data with privacy and security compliance.
The survey was commissioned by software vendor Privacera and conducted by marketing agency Lead to Market. Among the findings, 58 percent of respondents said access restrictions were impacting the productivity of their analytic teams.
This issue is particularly thorny for companies that store personally identifiable information (PII) on cloud servers. Eighty-five percent of respondents said they used at least two cloud servers for data analytics and storage. Forty percent reported using five or more.
Stepping Up To The Data Privacy Challenge forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Senators roll out bipartisan data privacy bill
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Sen. Amy Klobuchar is back with a bill to protect consumer data privacy when collected by large tech platforms like Facebook and Google.
Klobuchar (D-MN) has teamed up with a bipartisan group of senators, including Sens. John Kennedy (R-LA), Joe Manchin (D-WV), and Richard Burr (R-NC), to reintroduce the Social Media Privacy Protection and Consumer Rights Act. The privacy legislation would force websites to grant users greater control over their data and allow them to opt out of data tracking and collection.
“This legislation will protect and empower consumers”
“For too long companies have profited off of Americans’ online data while consumers have been left in the dark,” Klobuchar said in a statement to
Senators roll out bipartisan data privacy bill msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.