Introduction to the Mind Your Own Business Act

In addition to his notable work in retirement planning and financial literacy education, Robert M. Ryerson is experienced in identifying theft and protection. Robert M. Ryerson is the author of the book, “What’s the Deal With Identity Theft”, a proponent of the data privacy act introduced to Congress by Senator Ron Wyden.

Known as the Mind Your Own Business Act, the proposed legislation will hold tech CEOs and other high-level executives personally liable for misuses of user’s private data. Alongside leveraging fines and jail terms for executives who attempt to cover up privacy breaches, the Act will also offer consumers more control over their data through the “Do Not Track” system. Under the Act, all large social media companies will be required to provide users the ability to opt-out of data tracking services.

As many tech companies argue that selling user demographic data is vital for their business models, the Act will allow firms to charge those who opt out of tracking a minimal fee. Since this may make some social media outlets an untenable expense for lower-income individuals, the Act would also introduce protocols to minimize any financial burdens on the economically-vulnerable who wish to retain their privacy.

Author

Robert Ryerson

Although Robert M. Ryerson completed all the necessary requirements to earn bachelor of arts degrees in both English and economics at Rutgers University, college policy at the time prohibited the issuance of dual degrees. As a result, he graduated from Rutgers with a single bachelor of arts in economics before finding employment as a stockbroker with Shearson Lehman Brothers in New York City. Robert M. Ryerson has since established himself as a respected estate administrator and legacy planner. In addition to his degree from Rutgers, Mr. Ryerson holds professional designations as both a Certified Financial Planner professional and a Certified Identity Theft Risk Management Specialist. He has shared his knowledge on the subject of identity theft as the author of the book What’s The Deal With Identity Theft?: A Plain-English Look at Our Fastest Growing Crime. He has also covered identity theft issues directly for students as the instructor of the adult education course Understanding Identity Theft: Our Fastest Growing Crime.

Leave a comment

Your email address will not be published. Required fields are marked *