Overview
The economics of digital privacy is a critical area of study that explores how personal data is valued and the implications of privacy in the digital age. As technology advances, the collection and use of personal data have become integral to business strategies, leading to complex trade-offs betwee...
Key Terms
Example: Users can choose privacy settings on social media platforms.
Example: GDPR requires companies to obtain consent before processing personal data.
Example: A company suffers a data breach when hackers steal customer information.
Example: High consumer trust can lead to increased sales and customer loyalty.
Example: Increased demand for privacy tools has led to a rise in VPN services.
Example: Websites must display their privacy policy to inform users about data handling.