Ed Davis spoke on “The Smartest Cities are Smart on Privacy” panel along side, Michelle Dennedy, VP, CPO of Cisco, Scott Shipman, General Counsel, CPO of Sensity Systems, Peter Swire, Huang Professor of Law and Ethics at Georgia Tech Schellar College of Business; Senior Counsel, Alston & Bird.
By 2050, 75% of the world’s population will live in cities. As city leaders across the country deploy new technology to proactively address and respond to urban challenges, they are running headfirst into information security and privacy issues. Smart city technology has the ability to offer valuable insights that can immediately change the lives of millions of citizens. Yet we are all too familiar with cities like London, with its vast surveillance network, and are fearful of the privacy implications with those types of systems. So with new advances in IoT technology, what’s changed and what’s stayed the same? What new benefits may cities have to offer citizens, and are there any new approaches to privacy in a smart city world? This roundtable brings together diverse stakeholders to engage in a discussion about how cities can develop coherent deployment plans to optimize the utility of IoT and uphold privacy.
Key Takeaways:
- When it comes to IoT, there is no end-to-end plug-and-play Smart City solution for privacy
- The need for a collaborative and multi-stakeholder process for developing new governance models for privacy
- An understanding of what models cities are turning to, and the role privacy professionals in the private sector will play in the future in interfacing with city leaders, including law enforcement and other public agencies.
There was a great turn out at “Internet of Things for Privacy and Security Professionals” Panel. Panelist Peter Lefkowitz’s contributions were particularly insightful. Peter Lefkowitz is a Senior Data Rights Management Counsel at GE.
With hundreds in the audience, panelist Maureen Ohlhausen, Commissioner of the Federal Trade Commision, said Fair Credit Reporting Act is a model for big data dangers.
McKinsey has suggested that while IoT hype has been great, the actual value may be greater, predicting in a recent report that the IoT could boost the economy by $3.9 trillion to $11.1 trillion per year in 2025. That potential, however, is predicated on the ability to make the sensor and device data available and useful for a broad range of systems and applications. This Internet of Things explosion and the data it uses across the needed variety of systems and applications will generate important privacy and security concerns. The privacy risk associated with the types of data collected will raise concerns for individuals, while organizations will be concerned about the confidentiality and integrity of data used by IoT devices and systems. Providers of IoT-enabled products will need to create and communicate compelling value propositions for their collection and use of data, provide transparency into what data are collected and how they are being used and ensure that data are appropriately protected from loss or theft. Policymakers will be asked to consider regulatory frameworks to enable IoT development while protecting against potential misuses of IoT technology. Come and learn from an FTC commissioner and senior company officials what, if any, new privacy and security issues the IoT raises.
Key Takeaways:
- The opportunity and challenge of the IoT
- Privacy and security issues that are unique to the IoT
- How a regulator and senior corporate officials formulate IoT policy