Progression 3 (Daniel's)

Definitions of Security and Privacy, just to provide a better understanding for the subject matter.

SECURITY:
In information technology, security is the protection of information assets through the use of technology, processes, and training.
Other Definitions:

1. Finance: A financing or investment instrument issued by    a company or government agency that denotes an ownership        interest and provides evidence of a debt, a right to share in the earnings of  the issuer, or a right in the distribution of a property.

 Securities include bonds, debentures, notes, options, shares, and warrants but  not insurance policies, and may be traded in financial markets such as stock  exchanges.

2. Banking: An asset pledged to guaranty the repayment of    a loan, satisfaction of an obligation, or in compliance of an agreement.

 Security gives a lender or obliged a legal right of access to the pledged  asset and to take their possession and title in case of default for
 a foreclosure sale.

3.Computing: The extent to which a computer system is protected  from data corruption, destruction, interception, loss, or unauthorized access.  See also secure system.

4.The prevention of and protection against assault, damage, fire, fraud, invasion  of privacy, theft, unlawful entry, and other such occurrences caused by  deliberate action. See also safety.

PRIVACY:

What does privacy mean?

Well, it depends on who you ask. Broadly speaking, privacy is the right to be let alone, or freedom from interference or intrusion. Information privacy is the right to have some control over how your personal information is collected and used.

Ask most people these days what they think of when it comes to privacy and you’re likely to have a conversation about massive data breaches, wearable tech, social networking, targeted advertising miscues—not to mention the Snowden revelations.

Add to that, various cultures have widely differing views on what a person’s rights are when it comes to privacy and how it should be regulated.

More importantly, why does it matter?

With speed-of-light technological innovation, information privacy is becoming more complex by the minute as more data is being collected and exchanged. As the technology gets more sophisticated (indeed, invasive), so do the uses of data. And that leaves organizations facing an incredibly complex risk matrix for ensuring that personal information is protected.

As a result, privacy has fast-emerged as perhaps the most significant consumer protection issue—if not citizen protection issue—in the global information economy.

Privacy v. security…isn’t it the same thing?

Not really. But they are kissing cousins. Data privacy is focused on the use and governance of personal data—things like putting policies in place to ensure that consumers’ personal information is being collected, shared and used in appropriate ways. Security focuses more on protecting data from malicious attacks and the exploitation of stolen data for profit. While security is necessary for protecting data, it’s not sufficient for addressing privacy.

Harvard Reference:
SearchSecurity, (2015). What is security? - Definition from WhatIs.com. [online] Available at: http://searchsecurity.techtarget.com/definition/security [Accessed 8 Dec. 2015].
Iapp.org, (2015). What is Privacy. [online] Available at: https://iapp.org/about/what-is-privacy [Accessed 8 Dec. 2015].
BusinessDictionary.com, (2015). What is a security? definition and meaning. [online] Available at: http://www.businessdictionary.com/definition/security.html [Accessed 8 Dec. 2015].