Don’t Blame Privacy for Big Tech’s Monopoly on Information
As the prospect of antitrust charges against Big Tech looms larger, regulators should champion both competition and privacy as intricately connected values in the marketplace of information. In a column published on Just Security this month, Inpher’s Senior Privacy Counsel and Head of Policy, Sunny Seon Kang, challenged the proprietary concentration of data in Big Tech that has too long been weaponized as absolute bargaining power. She argues, that in order to combat monopolistic power derived from big data, Big Tech should share what they know—and make this information widely usable for current and potential competitors. Through privacy-enhancing technologies, tech giants can securely open-source insights for competitors and level the playing field without revealing any sensitive or personal information in the process. The two interests – privacy and competition – are not as contradictory as industry leaders would like them to seem. Smart regulation on secure data-sharing mandates can advance both. Learn more about the power of privacy-enhancing technologies with Inpher’s Secret Computing® products!