We are living in an age in which the behavioral sciences have become inescapable. The findings of social psychology and behavioral economics are being employed to determine the news we read, the products we buy, the cultural and intellectual spheres we inhabit, and the human networks, online and in real life, of which we are…
The Chinese government released draft rules that, if passed, would require foreign companies to “apply for permission to transfer data out of the country.” The rules would allow the government to review any data package over 1TB or with information on more than 500,000 people, and potentially block it from leaving China.
Several fintech firms, including Affirm, Betterment, and Ripple, launched the Consumer Financial Data Rights group to help “defend consumers’ access to their data.” “Each consumer’s right to their own financial data is vital in helping to understand their finances,” said Max Levchin, co-founder of PayPal and founder and CEO of Affirm.
JPMorgan is launching a new CRM system to better track customer data, and use that data to create custom products and service packages to sell back to them, the Financial Times reported.
A California man named Ronald Charles Reed has been sentenced to prison for partnering with Wells Fargo employees to steal customer data in connection with the bank’s fake accounts scandal, the Journal reported. “Mr. Reed pleaded guilty in March to bank fraud and aggravated identity theft, the U.S. Attorney’s Office said. Mr. Reed, also known…
WASHINGTON — For about $50, you can get a smartphone with a high-definition display, fast data service and, according to security contractors, a secret feature: a backdoor that sends all your text messages to China every 72 hours. Security contractors recently discovered preinstalled software in some Android phones that monitors where users go, whom they…
A mobile number can be even more valuable than a Social Security number, since it’s tied to so many databases and connected to a device you carry with you. Source: A 10-Digit Key Code to Your Private Life: Your Cellphone Number – The New York Times
“The Opinion has created a regime where electronic communication service providers—private, for-profit businesses answerable only to their shareholders—can thwart legitimate and important criminal and national security investigations, while providing no offsetting, principled privacy protections,” the government argued. Source: US renews fight to seize content from Microsoft’s servers in Ireland | Ars Technica UK
Some in the ad world say the controversy highlights why Facebook and other big digital platforms shouldn’t be “grading their own homework,” but should instead be submitting to measurement by independent, third-party tracking companies. It’s become a flashpoint for those arguing internet giants operate “walled gardens” with little transparency. The Association of National Advertisers has…
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