Robert M Ryerson is a certified financial planner and author of “What’s the Deal with Identity Theft – A Plain English Look at Our Fastest Growing Crime.” Robert M Ryerson recently told Fox Business that he supports proposed legislation to strengthen privacy protections for consumers.
In a report about Facebook CEO Mark Zuckerberg’s testimony to Capitol Hill regarding his venture into cryptocurrency, Mr. Ryerson weighed in on a bill proposed by Democratic Sen. Ron Wyden that would be known as the Mind Your Own Business Act.
The legislation would offer consumers an “easy, one-click way to stop companies from selling or sharing their personal information.” It would also improve transparency regarding how corporations use their data.
Mr. Ryerson described the legislation as “much needed” and “both timely and practical,” given that most of our personal data is now in the cloud and accessible by a range of entities. Stressing that our data is regularly used online by employers, medical professionals, and more, Mr. Ryerson cautioned that the best way to protect against identity theft is with a plan that includes restoration services.