This Is Only the Beginning
I’ve been banging the privacy drum for a while now and this is the kind of stuff that I’ve foreseen. It’s going to go a lot further though. It has to because the appetite for this data on the corporate side is insatiable. Our health habits, driving speeds, or political views are all highly valuable pieces of information that tell corporations or potential employers what they need to know.
Bloomberg - No Credit History, No Problem, Lenders Now Peering At Phone Data
Everybody thinks that paying for services with your data is a one-way street where the buyer gets nothing but benefits. Well, this is just like the introductory trial period when signing up for Cable TV. You don’t pay the full price until you’re hooked. Eventually for some people, paying with personal data is going to result in higher insurance rates, lost job offers, or loan rejections.
Data harvesting always has good intentions up front. But access to our data is great power that we willingly hand over. Perhaps people should treat it with more respect. I'm reminded of the line in George Clooney's movie Oh Brother Where Art Thou when the gang asks the traveling musician why he sold his soul to the devil. His response, "Well, I wasn't usin' it".
Bloomberg - No Credit History, No Problem, Lenders Now Peering At Phone Data
Everybody thinks that paying for services with your data is a one-way street where the buyer gets nothing but benefits. Well, this is just like the introductory trial period when signing up for Cable TV. You don’t pay the full price until you’re hooked. Eventually for some people, paying with personal data is going to result in higher insurance rates, lost job offers, or loan rejections.
Data harvesting always has good intentions up front. But access to our data is great power that we willingly hand over. Perhaps people should treat it with more respect. I'm reminded of the line in George Clooney's movie Oh Brother Where Art Thou when the gang asks the traveling musician why he sold his soul to the devil. His response, "Well, I wasn't usin' it".
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