Data Worries Stunt E-Commerce, Online Banking

I can believe that this is happening but Avivah Litan of Gartner's negativity is a little much:

"It looks like the bonanza of e-commerce is going to stop."

Her comments about getting a law passed allowing consumers to limit how their information is shared with third parties is equally pessimistic and I think a little out of the realm of Internet researchers:

"That'll never happen," said Litan. "The financial services companies will argue that opt-out would slow down the business of extending credit to consumers. And they spend millions on campaign contributions. The privacy groups, in comparison, have no money at all.

"It often comes down to who are the largest contributors to political campaigns," she added.

Thanks Avivah for the civics lesson.