Sunday, July 17, 2011

Your data is . . . being tracked

Ylan Mui over at the Washington Post has a very interesting article (see here) about whose looking at your data.  The bottom line is that an entire industry has developed to track our data (all kinds of data).  Mr. Mui says:

Federal regulations do not always require companies to disclose when they share your financial history or with whom, and there is no way to opt out when they do. No standard exists for what types of data should be included in the fourth bureau or how it should be used. No one is even tracking the accuracy of these reports. That has created a virtually impenetrable system in which consumers, particularly the most vulnerable, have little insight into the forces shaping their financial futures.

It isn't just your Facebook account that should concern you.

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