The Laws for Tech Companies

The Laws for Tech Companies

Data collection quickly becomes the staple of technology innovation and business strategy in this information age. Still, the existing regime that regulates data collection by any tech company remains very weak, and most of these companies often operate with minimal supervision. Growth in technology has been so fast that this seems to outpace laws that are to protect and safeguard consumer data and privacy. This gap is one of enormous risks to people’s privacy and broadened the scope of the monopolization of data and the fairness of the marketplace. Several breaches and data misuse incidents underscore the very weak protection of consumer data under the current regime. Indeed, it is plain that new, comprehensive federal regulations, far more than the implementation of the existing rules, are necessary to ensure that robust protection is given to consumer data. This will help safeguard the consumers’ privacy and provide for a much more competitive market environment.

The inadequacy of the regulation at present is blatant from the regularity and serious nature of breaches exposing consumer information. For instance, the Equifax breach in 2017 exposed the personal data of more than 147 million individuals, thereby exemplifying the loophole in the current regime of regulation (Alharbi, 2020). This, along with many other breaches, points out the requirement of legislation that is much needed in the sense that it should force both improved security measures and much more stringent compliance requirements. The current U.S. regulatory regime includes sectoral laws, such as the Health Insurance Portability and Accountability Act (HIPAA) and the Federal Trade Commission (FTC) guidelines, which are major but leave large practice areas in broader tech industry areas open. Conversely, the European Union’s General Data Protection Regulation offers a strong instance of thorough data protection. Indeed, under the stringent requirements for user consent before data collection and heightened security on encryption, coupled with substantial fines in case of non-compliance, companies are compelled to care so much about data security (Voigt & Von dem Bussche, 2017). The net effect of similar regulations imposed in the United States would be improved consumer protection and high standards for tech companies. Moreover, such regulation should lay down regular auditing and transparency reporting within its reach, besides clearly laying down the protocol for responses to data breaches. New federal regulations could fix holes in our existing system, making breaches less likely and dangerous for consumer data.

Furthermore, most existing laws barely touch upon the problem of data monopolization by the forefront technology companies. With companies such as Google and Facebook collecting large amounts of data, new levels of market power and the ability to fuel consumer behavior are created. Such monopolistic control over data not only implies reduced competition but also leads to big ethical concerns with regard to privacy and autonomy. New federal regulations should prevent data monopolies by setting data portability and interoperability standards, making it easier for consumers to shift between services. In that regard, the enhancement of competition and the ability to innovate are empowered. Regulations should also compel companies to anonymize user data where possible and, at a minimum, enforce limitations on data retention periods. The risks of data monopolization would thus be reduced, and a more competitive and ethical data economy would be facilitated.

Conclusion

In a nutshell, if technology is going to move at a breakneck pace, therefore, an equally progressive set of regulations has to be in place to safeguard consumer data. Current laws are deficient, ill-equipped to cover the current nuances in data collection, and pose significant risks. New federal regulations are, therefore, very important in ensuring that technology companies have strong data security measures and respect for consumer privacy. In that way, the regulation will protect people and foster fair competition and innovation amongst technology companies. Besides, there should be comprehensive regulations over issues such as data monopolization and ethical handling of consumer data. It is important, therefore, that legal systems move at the same pace and surmount these new challenges to ensure a digital arena that is much safer and fairer for all. Strengthening federal oversight can help us better protect consumer privacy, engender increased market competition, and set up standards of ethical practices intrinsic to today’s digital age.

References

Alharbi, F. S. (2020). Dealing with Data Breaches Amidst Changes In Technology. International Journal of Computer Science and Security (IJCSS), 14(3), 108-115.

Voigt, P., & Von dem Bussche, A. (2017). The EU general data protection regulation (GDP). A Practical Guide, 1st Ed., Cham: Springer International Publishing, 10(3152676), 10-5555.

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We’ll write everything from scratch

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The laws for tech companies to be innovative and groundbreaking using data collection are not strict enough, so instead of enforcing the current regulations, we need to create new federal regulations.

Instructions
Using the Argument Research Essay Proposal that you developed in Week 3, you will write three paragraphs of your essay–introduction, body, and conclusion.

Your document will include the following items:

Begin by creating an APA formatted title page for this assignment as seen in the Sample Argument Research Essay.
Using the sample, create an introduction paragraph, with an attention-grabber, background information, and thesis statement based on the stance written in the proposal. Please review the adapted concepts from Weeks 1–4 and the introduction paragraph in the Sample Argument Research Essay to understand how to write a strong introduction paragraph.
Write one full body paragraph with at least one resource. Begin with a transition and topic sentence. Your paragraph content will vary based on where it will go in your essay. You might begin with additional background information if needed or develop one point to prove your thesis. You might write one of your opposition and rebuttal body paragraphs. Again, the structure of your essay and topic will guide your body paragraphs’ content. Review the adapted lesson on outlining an argument in Week 3. Also, look at the first body paragraph in the Sample Argument Research Essay to help.
Compose your conclusion paragraph. It should offer an overview of the essay’s thesis without repeating it, followed by an impactful look at how the topic and argument fit into a bigger context. Please review the edapt concept from Week 4 specifically covering conclusion writing along with the Sample Argument Research Essay to understand how to write a strong concluding paragraph.
Include a Reference Page and proper APA citations. Create a properly formatted APA reference page including all scholarly resources used in the assignment. Provide in-text citations and parentheticals within the assignment to cite resource information. Again, use the Sample Argument Research Essay to understand the required formatting. Also, see the APA handbook for information on writing references and in-text citations properly.

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