Information Technology and Ethics/Conclusion

Conclusion

Privacy is a major concern in today's world with respect to our information and its chances of getting breached. Sharing information over the internet will not always ensure privacy as the internet is vast and deeply interconnected. However, we can put efforts into achieving privacy. Data protection comes through laws, policies, principles, and regulations. One such regulation is GDPR (General Data Protection Regulation), whose primary purpose is to make companies or organizations accountable to users' data and reinforce the control of users on their personal data. GDPR can implement principles on how the user's data should be processed.

Apart from data protection in general terms, privacy plays a vital role in the healthcare industry. Because health care research and security assurance are essentially significant to society, it is a fundamental duty to save patient's data and privileges in order to enhance human health and medicinal services. Another reason for securing the individual's privacy is to build the interest of people to provide their data for clinical research for further study, which can increasingly help in improvising the research process. In return, this becomes more favorable to society in the way of encouraging access to new treatments, upgrading diagnostics, and thus drastically putting irresistible efforts towards forestall diseases. Privacy in health care includes different angles such as physical security this can be personal space, information of individuals, and decisional information.

The success or failure of a financial service firm can depend on how it balances the use of confidential customer information while maintaining privacy. To capitalize on emerging growth opportunities, financial firms need to be flexible in sharing confidential customer data—whether across different departments, affiliated partners, or non-affiliated third parties such as technology or outsourcing firms, while complying with regulations and protecting the company’s reputation. The key lies in this delicate balance between data sharing flexibility and maintaining data privacy.

Kids are often attracted by the lure of online games and social media. Children must be reminded never to share personally identifiable information or financial details with online applications or services and teach them the difference between safe and malicious applications. Popular social media services like Facebook, Instagram, and TikTok require users to be at least 13 years old to sign up, however, many underage users still join. The 13 year old age limit comes from the US Children's Online Privacy Protection Act. Educate children about the impacts of sharing sensitive details on social media and the risks of interacting with strangers online. If one wishes to monitor your children’s online activity, use parental controls on their device.

Without the cooperation or assistance of social media giants, privacy in social media is not completely achievable because it is entirely dependable on how they modify their settings and policies in the interest of the users' data protection provided with all the laws and regulations placed. Irrespective of how sophisticated or user friendly the platform is made, it is not as powerful as its users because ultimately its revenue is made through the users who are active on these social media platforms, which can be utilized to raise their voices which makes them codependent. Thus with changing times, many advanced technologies are getting invented through which privacy issues can still be persistent. This is a constant battle that can only be controlled through stringent laws and regulations, which includes creating awareness among consumers to champion their own privacy rights.

Privacy in finances is also very important. Whether they are protecting their own financial information, or they work at a financial institution and are protecting others, they have both a legal and ethical responsibility of the utmost importance to maintain. One of the most important things for people to do to keep finances safe is take good care of protecting private credentials. With those credentials, malicious actors can simply pose as someone they're not, and do whatever they want with the financial information they access. Also, if this privacy is violated, organizations with any sort of presence in the EU could face at minimum a €20 million fine.