Perhaps
they appear untrustworthy? At least, lazy? Did breach-free
companies out perform the market?
Companies
That Experience a Data Breach Will Underperform the Stock Market Over
the Long Run
Data
breaches at the world’s largest corporations are becoming a
commonplace affair, but are investors on Wall Street really paying
attention? A new study from UK-based pro-consumer website
Comparitech looked at the recent stock market performance of 28
different companies that recently suffered a massive data breach of
some kind (defined as a breach impacting 1 million or more customer
records), in order to see whether investors were punishing these
companies for their data privacy lapses. The overall picture that
emerges is that these companies underperform the stock market over
the long run – but not by
as much as you might think.
Suppose
Google determines that people who eat product X and wear product Y
never get cancer. Would that be worth sharing the data?
Google’s
Totally Creepy, Totally Legal Health-Data Harvesting
… Google has gone from a basic digital
reference book to a multibillion-dollar player in the health-care
industry, with the potential to combine medical and search data in
myriad alarming new ways. Earlier this month, it announced its
$2.1 billion acquisition of the wearables
company Fitbit, and suddenly the company that had logged all our
late-night searches about prescriptions and symptoms would
potentially also have access to our heart rates and step counts.
Immediately, users voiced
concern about Google combining fitness data
with the sizable cache of information it keeps on its users.
Google
assured
detractors that
it would follow all relevant privacy laws, but the
regulatory-compliance discussion only distracted from the strange
future coming into view. As Google pushes further into health care,
it is amassing a trove of data about our shopping
habits,
the prescriptions
we use,
and where
we live,
and few regulations are governing how it uses these data.
… “It’s widely agreed that HIPAA is out of
date, and there are efforts ongoing right now to update it for the
21st century,” says Kirsten Ostherr, a co-founder and the director
of the Medical Futures Lab at Rice University. HIPAA was signed into
law in 1996—years before Google knew if you were
pregnant or could algorithmically estimate
your risk of suicide. “Most of the kind of
data [Google’s] trafficking in is not considered to be personally
identifiable information in the way that it was conceived back in the
’90s, when [much of] the tech world didn’t even exist.”
They’re big, therefore they must be bad?
States’
massive Google antitrust probe will expand into search and Android
businesses
… Google’s
parent, Alphabet, has a market capitalization of more than $900
billion, making
it one of the most valuable companies in the world.
Because much of its offerings are free to the user, it can be
difficult to prove antitrust violations, which are typically shown by
a clear impact on pricing. The Justice Department’s antitrust
chief, Makan Delrahim, has indicated in public speeches that quality,
innovation and other factors could be considered.
You say tomayto and I say tomahto. Ask Google,
“how
to pronounce tomato”
Google
search adds pronunciation features
Google
Blog:
“People around the world come to Search to ask questions related
to language, like looking up the definition of a word or double
checking the pronunciation of a word in another language. Just this
morning I’ve already searched how to define “otorhinolaryngologist”
and the translation of “naranja” in Spanish to English. Now,
we’re helping people pronounce tricky words and understand the
meaning of those words. First, we’re launching a new experimental
pronunciation feature that lets you practice word pronunciations
right in Search. For the visual learners out there, we’re adding
images to our English dictionary and translation features to help you
better understand the meaning of a word…”
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