A revolution in privacy, security, and data is coming. Are you ready?

In today’s world consumers relinquish control of a lot of intimate details about themselves, their family, and their friends to 3rd parties : birthdays, SSN, address, phone number, money, cryptocurrency, social media comments, private messages, texts, credit card numbers, bank account information, purchase history, credit score, photos, videos, salary, job history, medical records, location, drivers licence photos, etc. We do this to access things that have become essential for the higher quality of life promised to us by corporations and governments and for a time it worked out okay.

While corporations and governments have been working diligently to build massive data sets of this information whats been happening in the background?

Soon after this data started being collected hackers started getting sophisticated enough to steal large swaths of it, governments started abusing it with Orwellian style surveillance programs, and nation-states started targeting it. For a long time this mostly happened in the background but over the last several years people have been forced to accept this information is not safe. Let’s look at a timeline of some of the biggest thefts and abuses in recent history.

Clearly, I could continue with more examples but for the sake of not having this whole article be a list of massive data breaches and abuses, I’ll stop here…

What do we have to protect us against this now?

There are laws that require data breaches to be disclosed under certain circumstances though they don’t exist in all countries and many times there is no recourse for breaches. So we need to wake up as a people and understand that this isn’t a problem that can be solved simply by updating our laws. This point is made clear by the fact governments / nation states themselves are perpetrating a lot of these thefts and abuses. Instead this is a problem that needs to be addressed with technology as well as changes to our laws.

How did this happen and how can we protect ourselves better against this?

When the internet was first spreading across the world most corporations, governments, and users didn’t think critically enough about security, privacy, and data ownership and now we’re all paying the price. So what do we do now? Well first people from around the world need to start thinking very differently about data in general. For too long we as users have allowed corporations like google, facebook, dropbox, employers, DMV’s, email providers, insurance companies, merchants, DNA labs, etc (who doesn’t have data on us now days?) to retain the keys to extremely intimate information that can be stolen or even abused by them in ways 10 years ago people weren’t educated enough to know they would object to if they knew what we know today. It doesn’t stop at simply impacting users though, the average cost to a corporation per record stolen in a data breach is $141 according to IBM anyone care to do the math on hundreds of millions if not billions of records stolen across the globe? This isn’t the fault of any one party like a single government, corporation, or users because until recently the technology didn’t really exist to build a system in a way where everyone is much safer.

What can I do as a government to change this?

What can I do as a corporation to change this?

What can I do as a user to change this or protect myself?

Final words of wisdom

Recent advances in Blockchain technology are going to allow corporations to build profitable business models without having unlimited custodial control over user information, data, funds, and user-owned securities (things like stocks and cryptographic tokens) these advances will allow users to not only experience the current level of conveniences we have today but open the door for less corporate liability, better privacy protections, user controlled data, and stronger security than we’ve ever had access to as a people. We shouldn’t have to live in a world where we are forced to trust any party other than ourselves as individuals more than we have to and rather technology like this gets adopted today or 10 years from now one thing is certain, you cannot stop innovation. So when you find yourself waking up one day in a world where these innovations are a production-ready reality I hope you’ve thought thoroughly enough about these issues to be ready.