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DR SAADIA ASIF'S MOTHER'S MOTHER devoted her distinguished working life to teaching at Saint Mary's Academy. Dr. Saadia's parents spent most of their life serving education by running a private school.
PROUD PAK - Canadian citizen, Professor Saadia Asif, MBA LUMS, PhD Exeter, Finance, Citibank, went up the learning curve. It is a great honor to have her now lead on a global basis, and provide great citizens and future leaders for mankind.
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ON THE WORLD STUDENTS SOCIETY - we should keep laser focus on privacy because this is very complex and it is getting more and more complex by the minute.
In an attempt to rein in tech giants like Facebook and Google, governments around the world in recent years have approved new laws governing how websites must handle consumer data, treat their competitors and protect young people.
The European Union has a data privacy law that governs the entire 27 nation bloc. California has approved two privacy measures in recent years, and other states have followed suit.
Out of those regulations has arisen something else : An industry to help companies navigate the increasingly fragmented rules of the global internet.
It's a booming market. OneTrust, a leader in the field, has been valued by investors at $5.3 billion. BigID, a competitor, raised $30 million in April at a $1.25 valuation. Another company that focuses on privacy regulations, TrustArc, raised $70 million in 2019.
Yoti, which provides the kind of age-verification services that regulators are increasingly turning to to shield children from harmful content, has raised millions of dollars since it was founded in 2014.
The emergence of these companies show how complex regulations governing the web have become -and how much more complicated it is expected to get. Several privacy laws will take effect around the world in the coming years, with more countries and states expected to consider their own proposals.
''They are all reactions to an underlying problem - and they all have their own flavor, they all have their own interpretations and they all have their own focus points,'' said Bart Willemsen, an analyst at Gartner, a market research firm. ''These regulatory changes nudge organizations - in addition to perhaps any ethical concern concerns they may have had - to really up their game here.''
Many of the new companies owe their start to the 2016 General Data Protection Regulation, a European Union law that pushed websites to ask their users if they agree to being tracked online.It also mandates companies to catalog the personal data they hold.
The rule was a landmark moment in the fracturing of internet regulation, putting Europe far ahead of Washington in creating guardrails for tech.
''We're definitely kind of a child of G.D.P.R. ,'' said Demitri Sirota, the chief executive of BigID, which was founded the year that law passed.
In its earliest days, BigID helped companies map out their data holdings so they could respond to requests under privacy laws. The company now has offices around the world, including Australia, Israel and Switzerland.
OneTrust also owes its birth to the European law. Kabir Barday, the company's chief executive, started the business in 2016, when he saw companies preparing to comply with the rules.
Under the European rules, websites largely must get users' permission to use cookies, the tiny bits of code that can be used to track people as they move around the Internet. In practice, that has meant that visitors to a website are often presented with popu-up menu or a banner asking them if they will agree to be tracked.
One Trust helps companies add those banners to their sites. Its clients include the pocket-tool maker Leatherman, the furniture titan Herman Miller and the California fashion designer James Perse, who sells $70 white T-shirts that are favourite of Evan Spiegel, the Snapchat creator.
For sure, a slew of global internet laws are on the way. So the emergence of these firms show how complex regulations governing the web have become.
The Honor and Serving of the Latest Global Operational Research on Internet, Laws, Regulations, and Data, continues. The World Students Society thanks author David Mccabe.
With respectful dedication to the Students, Professors and Teachers of the world. See Ya all prepare and register for Great Global Elections on The World Students Society : wssciw.blogspot.com and Twitter - !E-WOW! - The Ecosystem 2011 :
Good Night and God Bless
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