Flexible regulation with privacy points

Abstract

We propose a utilitarian approach to a uniform regulatory framework to assess privacy impact and to establish compensatory actions. "Privacy points" gauge the effect of measures on people's privacy. Privacy points are exchangeable and, hence, give companies room for innovation in how they improve people's privacy. Regulators lose control on details while getting the opportunity to extend their power to a larger portion of the market. © 2012 Springer-Verlag.