Eye on Privacy - Unicorn Lemonade's issue with Privacy
Channel: Data Protection Pal
Date: 2021-08-31

Unicorns are formed when a great idea is transformed from an idea into a workable solution that serves a market need and even makes money! Many unicorns are often #tech companies who may focus on development and may overlook one little fundamental that can cause the company crashing if it goes unchecked...

That could be the case of insurtech Unicorn Lemonade which has been flagged by class action for over collection and processing of personal data.

There is not yet a verdict, but I believe there will not be smoke without fire. We'll just have to wait for till the end of this saga. Let this be a warning and reminder to all fintechs and all business who possess heaps of personal data for they are likely to be subject to their local #privacy regulations.

Reminder to self, to remind the next #fintech company I meet to actively apply data protection by design.


Mark Barnabas Lee
Your Data Protection Pal
Privacy Practitioner
Creator of Data Heist - www.dataheist.org
(First Game to Educate on Cyber Hygiene and Data Protection)
Linkedin: https://www.linkedin.com/in/markbarnabas
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