WordPress at a glance
filter is not described

privacy_on_link_text filter-hook . WP 3.0.0

Filters the link label for the 'Search Engines Discouraged' message displayed in the 'At a Glance' dashboard widget.

Prior to 3.8.0, the widget was named 'Right Now'.

Usage

add_filter( 'privacy_on_link_text', 'filter_function_name_907' );
function filter_function_name_907( $content ){
	// filter...

	return $content;
}
$content(string)
Default text.

Where the hook is called

wp_dashboard_right_now()
wp-admin/includes/dashboard.php 341
$content = apply_filters( 'privacy_on_link_text' , __( 'Search Engines Discouraged' ) );

Where the hook is used (in WP core)

Does not used.