However, I don't believe that regulation and laws are solution to anything. I also don't think that it's reasonable to expect entities, even large ones, to be 100% secure and keep your data secret at all time. Ultimately, I'm convinced that the world has MUCH MORE to gain from transparency than from privacy (secrecy).
Fundamentally, what makes you think that people actually should have a right to privacy? Where does that expectation come from, if not as a side-effect of inefficient communication? People believe that they're entitled to privacy, but I can't find any reasonable argument for it.
I don't see many people claiming their right to lie, their right to fraud, their right to steal. What makes privacy so different?