3 years ago, we made a Facebook app, which pulled all personal details about the users to make an alternate credit scorecard. Friends data, pictures, location data, likes and dislikes - This was a popular idea that found lot of traction with the VCs.
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There was nothing illegal, nor was this a technical hassle. Just a pattern matching job - where our job was to match real world affluence to social media footprint.
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Thankfully, business did not go this way and we pivoted to traditional data to make credit decisions.
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It just so happens to fit the media narrative at the moment
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True. FB is made the scapegoat.
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CA is merely the klutziest.
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Their market tested ideas made their way into Russian propaganda. Their business is to radicalize psychology based on fear. They're involved in human trafficking. Their social network data + equifax (and visa) credit information + spectrum health leaks + voter rolls =
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Imagine what more discreet organizations are doing with the data.
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What's more clandestine than the FSB and SVR?
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OPM, Equifax, JPMorgan, eBay, Yahoo, etc... and of course the DNC.
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Not just grabs - resales and trades
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"But wouldn't we have heard of them?" For the same reason you only hear about spies who get caught.
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Yea but is Trump involved?
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Sure, but have they been used for more sinister/unethical purposes? Doubtful.
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