Facebook terms of service, once obfuscated by complicated, legalistic language, is going to state clearly how they provide services free of charge to consumers in return for agreement to share their personal data with third parties and used for targeted advertising.
Many companies may now be afraid of data monetization because of concerns over potential privacy violations. There is also a growing concern over being legally compliant but still making customers unhappy or uncomfortable. Is differential privacy the answer?
One solution for addressing data privacy issues that’s getting a lot of attention, is the personal data marketplace powered by blockchain technology. But is this data marketplace really the right direction for data privacy?
Nearly 7,000 pages of leaked Facebook documents are out in the public. They show how the company used access to data as a reward and shut off the access when rival companies become too powerful.
Massive personal data leak of 1.2 billion people was exposed on the Dark Web which includes email addresses, LinkedIn URLs, Facebook URLs and IDs, and phone numbers.
Recent Instagram data scraping by HYP3R has raised many privacy concerns as the trusted Facebook marketing partner was found scraping and re-packaging social media data for advertisers.
Study indicates that many internet users may be willing to sell their online privacy at very affordable rates, indicating that the value of personal data is not particularly high.
Sir Tim Berners-Lee argues that nothing short of a ‘revolution’ will stem abuse of the Internet and a new Internet Charter, a new Magna Carta, is essential to force tech giants to take concrete action to reinvent how the Internet is monetized and regulated.
California is putting a proposal on the table to force big tech to create a digital dividend fund to share revenue from any personal data monetization. Will this address increased demand for income inequality and government involvement in wealth redistribution?
State DMV offices around U.S. have made tens of millions of dollars in profit since 2014 by selling personal data of drivers which surprisingly is not in violation of state law.