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Showing posts with the label circle of trust

What can we do to safeguard our data from Facebook misusing it

It just got revealed that 50 million Facebook profiles were harvested by Cambridge Analytica in a major data breach. Most people give all their personal information to Facebook without ever thinking how it may be used. Once you share your personal data, it is just a matter of time before your personal data will be stolen, leaked, or misused – just as it happened with Facebook. Can you trust the platform or their ability to protect your data? Next time you should ask about lawful basis for processing your personal data There are no current laws in United States , maybe it’s a time, that establish the lawful basis for processing data. The European Union has passed such a law in 2017 and it’s going into effect in May 2018. It is called the General Data Protection Regulation - GDPR.   According to GDPR laws, the company must be able to prove and describe what lawful basis they have to store and use your personal information. The company can use several types of legal grounds ...

Join in modernizing data privacy with the Blockchain

Join the Data Privacy Network. Together, with enterprises, consumers, integration partners and payment providers we'are meeting the Internet's challenge to protect consumer data privacy. The Omnibasis platform uses the Blockchain for mission-critical data. The platform eliminates the opportunities for fraud and lack of transparency when it comes to the access to private data and in turn, removes the incentive to misuse private data. Omnibasis cloud based platform creates a Circle of Trust between businesses, consumers, integrations partners and payment providers. Personal Data Access is secured by Blockchain and Smart Contracts. Within the Circle of Trust, personal data can only be accessed and shared with the consumers consent and explicit permissions that are managed by contracts securely stored on the Blockchain. Trusted Data Privacy Network For Enterprise - b usinesses large and small, have to comply with new more stringent laws requiring them to protect consume...

Meet the new data privacy network powered by the blockchain

The limitations of traditional data practices and the negative issues associated with "sharing" your personal data has created the need for a cost-effective solution that enables enterprises to use the Internet and a secure distributed network like Blockchain as an efficient and effective means to manage data privacy in terms of access and use of personal data.  New likes like GDPR and US data privacy laws regulate the collection, storage, use and sharing of “personal data.” Personal data is defined very broadly under the law as any data that relates to an identified or identifiable natural person. And even personal data that has been pseudonymized can be personal data if the pseudonym can be linked back to a particular individual. The Omnibasis platform uses smart contracts for storing and sharing consumer preferences, consent and permissions (PCP) on the Blockchain. The smart contract is unlocking access to personal data only as agreed with the consumer, on an ad-hoc ba...

Is your private data under attack?

2017 marks a new era of data breaches , identity theft and connected devices security breaches, with high profile cases like Yahoo, Equifax and Uber just to name few.  The governments across the world are striking back with more stringent data protection regulations, such as the General Data Protection Regulation (GDPR) in the European Union (EU) and similar regulations are in works in the United States and other countries across the globe. On the one side, consumers face unprecedented levels of data theft, privacy violations and feel increasingly violated and vulnerable, while at the same time, businesses are facing the challenge of higher complexity to securely store and protect consumer private data, preferences, consent and permissions. A MASSIVE AMOUNT OF CONSUMER DATA IS COLLECTED AND CONSUMER PRIVACY IS AT STAKE AROUND THE WORLD Consider these projections from a report by Computer Science Corporation (CSC) calculating the amount of data that will be generated and...