Industry self-regulation of consumer data privacy and security has been proposed as a flexible alternative and compliment to traditional government regulation. This study analyzes whether different types of existing industry-led standards improve online privacy and security. This paper examines which types of firms join voluntary standards and whether there is a difference in outcomes between trade association memberships (like the Digital Advertising Alliance) and certification programs (like TRUSTe). Results suggest that more trafficked websites are more likely to adopt standards, and that trade association member-ship does not have an effect on privacy and security performance. This article highlights the need for a valid privacy metric for robust empirical study of data privacy and security.
Siona Listokin, Industry Self-Regulation of Consumer Data Privacy and Security, 32 J. Marshall J. Info. Tech. & Privacy L. 15 (2015)