PERSONAL DATA PROTECTION IN THE AGE OF FINANCIAL INTEGRATED SERVICES

• Main Authors: Yi-Shan Chi, 紀懿珊
• Other Authors: Yu-Chi Wang
• Format: Others
• Language: zh-TW
• Published: 2002
• Online Access: http://ndltd.ncl.edu.tw/handle/53972677618252899175

碩士 === 元智大學 === 資訊社會學研究所 === 90 === The Gramm-Leach-Bliley ACT of 1999 eliminated governmental regulations on financial institutions including banks, brokerage firms, and insurance companies. Large private financial institutions begin to emerge without governmental regulations over what they can or cannot collect from individual consumers who utilize their services on a daily basis. Without governmental regulation, the privacy of individuals will be threatened as consumers can no longer safe-guard their private financial information and thereby cannot exercise control over how their private information is being used. 　　My thesis is based on Taiwan''s personal financial privacy protection act in conjunction with the U.S. Regulation which requires that financial institutions to have nine standards govern by the regulation / Act in order to protect individual''s private financial information.　For the purpose of this thesis, twenty-four financial institutions from Taiwan and the United States will be evaluated based on what steps each institution is taking in protecting their customer''s financial privacy. 　　It is my conclusion, based on the contractual agreement between these financial institutions and their clients, that individuals have no capacity to not disclose private and personal information to their financial institutions outside the boundaries of few governmental regulations. My thesis calls for a tighter governmental control in ways financial institutions gathers and uses individual''s private financial records / data / information in order to further protect the rights of privacy for each individual consumers, allowing people more control over how their private information is being used by their financial institutions.