A really interesting paper on the "Nothing to hide" argument is "'I've got nothing to hide' and other Misunderstandings of Privacy", which you can read for free online.[1]
I would really recommend spending the 30 minutes and reading it in full, it is really nice.
Good question... How bad is security these days really? Everyone has every reason to be concerned about privacy after several major cyber attacks this year. I think this is just the beginning.
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[ 4.6 ms ] story [ 16.9 ms ] threadI would really recommend spending the 30 minutes and reading it in full, it is really nice.
[1] http://papers.ssrn.com/sol3/papers.cfm?abstract_id=998565&