Are privacy and security counterbalances to each other, or is it possible to be both high levels of security and privacy?

To the casual observer, security and privacy are at opposite ends of the spectrum in that to be secure, one must give up a degree of privacy. On the other hand, to be more private one must give up a degree of security. Are privacy and security counterbalances to each other, or is it possible to be both high levels of security and privacy?

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