The U.K. Parliament has passed the Online Safety Bill (OSB), which says it will make the U.K. “the safest place” in the world to be online. In reality, the OSB will lead to a much more censored, locked-down internet for British users. The bill could empower the government to undermine not just the privacy and security of U.K. residents, but internet users worldwide.
Even if there are exceptions for banking apps, would you trust them? What will private companies do to protect their trade secrets? What will children and other victims of sexual abuse do when they seek help and need a safe and private environment?
Edit for an addition:
UK mass interception laws violates human rights and the fight continues… [May 2021]
The Grand Chamber of the European Court of Human Rights ruled that the UK government’s historical mass interception program violates the rights to privacy and freedom of expression.
I see your point and agree. I use online banking and I trust that my bank doesn’t want to compromise my account by adding some back-door. Having said that I have no doubt that should and government agency request access to my financial data, they would do it in a blink of an eye.
Yes, the law is a bad one and people should voice their protests, but I’m afraid that nothing will ultimately change and we’ll have more bad laws in the future.
