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Re:This Internet provider pledges to put your privacy first.... by excuse-me on Wednesday April 11, 2012 @01:50PM (#3828715)
Who knows the secret key/has access to the system? Just him - in which case what happens to my data if he walks under a bus? Or all the admins/the board/the lawyers?

So a three-letter-agency guy turns up with a SWAT team, you only need one of them to decide to reveal the key with a gun at their head - or with the threat that child porn would be found on his laptop/20kg of heroin would be found in his apartment. Chain = weakest link.

Re:This Internet provider pledges to put your privacy first.... by nitrogen on Wednesday April 11, 2012 @06:27PM (#3829960)
The "weakest link" problem can be ameliorated to some extent by using secret sharing cryptography, so that at least x% of participants must cooperate to reveal the secret key.