Privacy Regulation and Emerging Risks for Insurers

12 July 2018

BY DOMINIC CLARKE & DAVID MACKENZIE, PARTNERS AT BLANEY MCMURTRY LLP

On April 9th 2018 87 million people around the globe were notified that the personal information contained on their Facebook profiles had been accessed without their consent. The data was accessed by Cambridge Analytica and allegedly had been used to influence the outcome of the American Presidential election. The data breach exposed a major loophole in Facebook’s privacy policy which allows third party application developers to access data from the “friends” of the users of their application. Cambridge Analytica was able to harvest data from 87 million Facebook accounts even though fewer than 300,000 people used the application it designed. This is not the first major online breach of privacy, nor will it be the last.

The article, entitled 'Privacy Regulation and Emerging Risks for Insurers', can be read in it's entirety here.   

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