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Perhaps someone who works in that area will know more.
Well if other (non-financial) things are correlated, how are they not relevant? Should we actively hide information from loan providers, making loans more expensive for others to "protect"( I say protect with quotes, because really it is just a naked handout to people) a few? If these models are wrong, that is just a business opportunity for others to fix and price loans better.
I support privacy laws, but that argument has always seemed to be a strange way to argue for it.
I would like a more specific, a much more specific, example of a bank rejecting a loan applicant based on their google search history as the article implies.
There's many terrible data brokers involved in many terrible things (especially in the US - they generally get zero headlines because they are b2b and rather secretive), so it's strange to have this headline be about Facebook, when they're the only company being discussed that doesn't sell your data (even if they do many other things with it that we may not like!). I know it's very fun to use them as the worst possib…
Also, Facebook and other big tech companies are way less likely to get hacked thanks to more established data handling practices. Breaches still occasionally happen, but you're more likely to see data breaches from these data broker companies because they didn't secure their elasticsearch DBs or something dumb like that.
Well, historically, bad actors haven't needed to "hack" Facebook because it has made it possible for them to access user data without hacking.
https://www.npr.org/2021/04/09/986005820/after-data-breach-e...
> In response to the reporting, Facebook said in a blog post on Tuesday that "malicious actors" had scraped the data by exploiting a vulnerability in a now-defunct feature on the platform that allowed users to find each other by phone number.
It's not a vulnerability, it's a "feature".
There's many terrible data brokers involved in many terrible things (especially in the US - they generally get zero headlines because they are b2b and rather secretive), so it's strange to have this headline be about Facebook, when they're the only company being discussed that doesn't sell your data (even if they do many other things with it that we may not like!). I know it's very fun to use them as the worst possib…
Also, Facebook and other big tech companies are way less likely to get hacked thanks to more established data handling practices. Breaches still occasionally happen, but you're more likely to see data breaches from these data broker companies because they didn't secure their elasticsearch DBs or something dumb like that.
There's many terrible data brokers involved in many terrible things (especially in the US - they generally get zero headlines because they are b2b and rather secretive), so it's strange to have this headline be about Facebook, when they're the only company being discussed that doesn't sell your data (even if they do many other things with it that we may not like!). I know it's very fun to use them as the worst possib…
Are we talking about the same Facebook? The mob with some bloke called Zuck are hell bent on selling ads. They absolutely use you.
There's many terrible data brokers involved in many terrible things (especially in the US - they generally get zero headlines because they are b2b and rather secretive), so it's strange to have this headline be about Facebook, when they're the only company being discussed that doesn't sell your data (even if they do many other things with it that we may not like!). I know it's very fun to use them as the worst possib…
"so it's strange to have this headline be about Facebook, when they're the only company being discussed that doesn't sell your data" Are we talking about the same Facebook? The mob with some bloke called Zuck are hell bent on selling ads. They absolutely use you.
Earlier quoted context omitted.
"so it's strange to have this headline be about Facebook, when they're the only company being discussed that doesn't sell your data" Are we talking about the same Facebook? The mob with some bloke called Zuck are hell bent on selling ads. They absolutely use you.
They don’t sell the data. It’s in the FB walled garden.
Please explain 8)
>Credit scores aren't perfect, but at least they're based on information relevant to the question at hand: whether you could repay a loan. Well if other (non-financial) things are correlated, how are they not relevant? Should we actively hide information from loan providers, making loans more expensive for others to "protect"( I say protect with quotes, because really it is just a naked handout to people) a few? If t…