There is a lot of fuss, about privacy issues. The most naive statement that, is hot now, is the:”I have nothing to hide.” This is a catastrophic behavior, because ruling changes, and what was legal yesterday, is illegal today. There are many other situations, that we have something to hide, and this is NOT criminal activity. Let's see some legitimate cases, that we need privacy.
Why does the company need this? Because, it has found a good and a cheap source, that it is not beneficial for it's interests, to be known to the competitors. If it is known, to other wealthy, competitors, it's existence may be in danger.
An individual, may be in bankruptcy, or a divorce situation, and this is better not to be known widely.
Why should the community, should know, that there are problems, with a life partner, and make the situation worse? Why should the competition know, about meetings, with a bankruptcy lawyer? If the payments, are not private, this is an issue.
This is why medical records, should be kept private, because of employers and colleagues discrimination. Especially, this, is a day to day problem.
This is important too, because, if potential criminals know your everyday life, you may be in great danger, of extortion, or other criminal offenses.
Their activities, should not be known widely, because the middlemen, will cut them off, from transactions, that can be profitable.
Revealing positions, can lead to a disaster, for Investment Banks, Hedge Funds, and other Financial entities.
As we can see, all the above cases, are not linked to any criminal activity. The result is :”YES, I have something to hide.”
Photo from Pixabay