Lost in the Fine Print: It Would Take a Week to Read All Your Privacy Policies
It would take the average American about 42 hours -- an entire work week -- to read the online privacy policies for the Web-sites they encounter each year, according to new research being presented this weekend.
The finding out of Carnegie Mellon University undermines the arguments of Web companies who say that federal online privacy legislation is unnecessary because Internet firms will compete to ensure privacy.
For such competition to work, people would have to read and understand privacy policies.
The Federal Trade Commission is working on voluntary guidelines for Internet privacy, and Google, Microsoft and other companies have argued that self-regulation and competition is the course to follow. But critics have argued that legislation is necessary because so many consumers are uninformed.
September 26, 2008; 12:12 PM ET
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