Our Privacy Is Worth $47 It Seems

June 6, 2024

dinosaur30a_thumb_thumbThis essay is the work of a dinobaby. Unlike some folks, no smart software improved my native ineptness.

Multimillion dollar lawsuits made on behalf of the consumer keep businesses in check. These lawsuits fight greedy companies that want to squeeze every last cent from consumers and take advantage of their ignorance. Thankfully many of these lawsuits are settled in favor of the consumers, like the Federal Trade Commission (FTC) vs. Ring. Unfortunately, the victims aren’t getting much in the form of compensation says OM in: “You Are Worth $47.”

Ring is a camera security company that allowed its contractors and employees to access users’ private data. The FTC and Ring reached a settlement in the case, resulting in $5.6 million to be given to 117,000 victims. That will be $47 per person. That amount will at least pay for a tank of gas or a meal for two in some parts of the country. It’s better than what other victims received:

“That is what your data (and perhaps your privacy) is worth — at least today. It is worth more than what T-Mobile or Experian paid as a fine per customer: $4.50 and $9, respectively. This minuscule fine is one of the reasons why companies get away with playing loose and easy with our privacy and data.”

OM is exactly right that the small compensation amounts only stirs consumers’ apathy more. What’s the point of fighting these mega conglomerates when the pay out is so small? Individuals, unless they’re backed with a boatload of money and strong sense of stubborn, righteous justice, won’t fight big businesses.

It’s the responsibility of law makers to fight these companies, but they don’t. They don’t fight for consumers because they’re either in the pocket of big businesses or they’re struck down before they even begin.

My listing is inactive and says I need approval to sell this item. I have approval to sell it.

Whitney Grace, June 6, 2024

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