The goal of Data Privacy Day is to educate people and companies on the vulnerability of personal data, including information shared on social networks, financial data and anything stored on cloud services.

CNN: Heather Kelly,

But as the cloud resolves issues of data storage and management, and mobile and social technologies allow for easy and immediate information sharing, Big Data now can be crunched and shared throughout an organization, leading to better decision-making and outcomes for all sorts of enterprises.

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Yet in fact the lines demarcating forbidden insider information from ordinary corporate data shared between companies and investors or analysts are blurred, empowering prosecutors to define the outer-reaches after-the-fact, on a case-by-case basis.

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The Sunlight Foundation's John Wonderlich wrote in a blog post that Cispa "is terrible on transparency" and that the shared personal data between firms and the government would be exempt from the Freedom of Information Act (FOIA).

BBC: Facebook's logo

LinkedIn spokesman Hani Durzy reiterated that the current law doesn't require the company to provide information about data shared for purposes other than direct marketing, and said that the company is "keeping an eye on" the new bill, but hasn't taken a position on it.

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By its nature, such information is public, while company data by its nature is proprietary and shared only when the company is forced to by law or self-interest.

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