NexusFi: Find Your Edge


Home Menu

 





Privacy in the digital age


Discussion in Off-Topic

Updated
      Top Posters
    1. looks_one xplorer with 89 posts (263 thanks)
    2. looks_two SMCJB with 50 posts (146 thanks)
    3. looks_3 bobwest with 41 posts (123 thanks)
    4. looks_4 Rrrracer with 19 posts (58 thanks)
      Best Posters
    1. looks_one Rrrracer with 3.1 thanks per post
    2. looks_two xplorer with 3 thanks per post
    3. looks_3 bobwest with 3 thanks per post
    4. looks_4 SMCJB with 2.9 thanks per post
    1. trending_up 46,985 views
    2. thumb_up 725 thanks given
    3. group 32 followers
    1. forum 270 posts
    2. attach_file 11 attachments




 
Search this Thread

Privacy in the digital age

  #71 (permalink)
 
Rrrracer's Avatar
 Rrrracer 
On the road
Webinar Host
Trading Nomad
 
Experience: Intermediate
Platform: TradingView
Broker: Oanda
Trading: FX
Posts: 2,512 since Feb 2017
Thanks Given: 17,582
Thanks Received: 9,752

All I'm asking is, is this not simply the canned reply for such intrusions on our privacy these days? Is it the first time? No. Last time? No way.

In a manner, we are already accepting of this sort of thing as a global society. We have come to expect Experian/Facebook/Whoeveritis.com to eventually compromise our sensitive information, and in that regard we are de-sensitized to it. For the masses, it's really no big deal.

Elf on a shelf, anyone?

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
How to apply profiles
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
MC PL editor upgrade
MultiCharts
REcommedations for programming help
Sierra Chart
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
34 thanks
Just another trading journal: PA, Wyckoff & Trends
30 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
21 thanks
  #72 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,464
Thanks Received: 26,278


SMCJB View Post
Anybody can scrape data with or without the website approval. If it's available on the internet without authentication it can be scrapped easily. Just like people scrape twitter I would assume that every facebook account in existence has been scrapped by at least somebody.

You're right about this: screen scraping is simple. You just capture the screen and have an automated process to pull off the data.

But there's more to it. The referenced article in the Post has been significantly revised, for the better. The point is that by default essentially all the user data is publicly available, which may not have been what the average user believed. If it had not been publicly available, it could not have been scraped.

Also, this is not the same as what Cambridge Analytica used, which was a targeted data mining program (and which is a tool that FB does make available, for a fee, to others.)

The point I am making is not that FB was wicked, just careless. But this is bad enough. Yes, it's the users' fault too. They were too trusting. But apparently harvesting user data this way is what exposed essentially everyone on FB, and the issue is that FB made it easy.

It is worth reading the whole thing. Here is an excerpt of the revised article, expanding on what was done:


Quoting 
Facebook said Wednesday that “malicious actors” took advantage of search tools on its platform, making it possible for them to discover the identities and collect information on most of its 2 billion users worldwide.

The revelation came amid rising acknowledgement by Facebook about its struggles to control the data it gathers on users. Among the announcements Wednesday was that Cambridge Analytica, a political consultancy hired by President Trump and other Republicans, had improperly gathered detailed Facebook information on 87 million people, of whom 71 million were Americans.

But the abuse of Facebook’s search tools -- now disabled -- happened far more broadly and over the course of several years, with few Facebook users likely escaping the scam, company officials acknowledged.

The scam started when malicious hackers harvested email addresses and phone numbers on the so-called “Dark Web,” where criminals post information stolen from data breaches over the years. Then the hackers used automated computer programs to feed the numbers and addresses into Facebook’s “search” box, allowing them to discover the full names of people affiliated with the phone numbers or addresses, along with whatever Facebook profile information they chose to make public, often including their profile photos and hometown.

“We built this feature, and it’s very useful. There were a lot of people using it up until we shut it down today,” Chief Executive Mark Zuckerberg said in a call with reporters Wednesday.

Facebook said in a blog post Wednesday, “Given the scale and sophistication of the activity we’ve seen, we believe most people on Facebook could have had their public profile scraped.”

Facebook users could have blocked this search function, which was turned on by default, by tweaking their settings to restrict finding their identities by using phone numbers or email addresses. But research has consistently shown that users of online platforms rarely adjust default privacy settings and often fail to understand what information they are sharing.

Hackers also abused Facebook’s account recovery function, by pretending to be legitimate users who had forgotten account details. Facebook’s recovery system served up names, profile pictures and links to the public profiles themselves. This tool could also be blocked in privacy settings.

Names, phone numbers, email addresses and other personal information amount to critical starter kits for identity theft and other malicious online activity, experts on Internet crime say. The Facebook hack allowed bad actors to tie raw data to people’s real identities and build fuller profiles of them.
Privacy experts had issued warnings that the phone number and email address lookip tool left Facebook users’ data exposed.

Read the whole thing here:

https://www.washingtonpost.com/news/the-switch/wp/2018/04/04/facebook-said-the-personal-data-of-most-its-2-billion-users-has-been-collected-and-shared-with-outsiders/?utm_term=.c9aab6cbbae3

Bob.

Reply With Quote
Thanked by:
  #73 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,464
Thanks Received: 26,278



bobwest View Post
The collecting and sharing of information as a social good is almost an article of faith among many in the technology industry. And it did sound good. Zuckerberg is being honest when he calls Facebook an "idealistic company." He does believe in it. He also has made some money with it, which is not bad in itself.

But it really is not that they simply "didn't focus enough" on safeguarding the information they collected -- they didn't really understand who it belongs to, and that having the users click on "I Accept" to a long End User License Agreement, which they know that no one is going to read, is just not enough to give the company the right to do with it whatever they choose.

Bob.


xplorer View Post
What makes you think Zuckerberg is being honest?

I was trying to make a point about a Silicon Valley mindset, which is summed up in the now-old slogan, "Information wants to be free."

What this means is that there should be no restrictions on the flow and exchange of information. This has been the mantra of social media during its period of explosive growth.

Now, do I think Zuckerberg is "honest"? Not in every sense of the word, no. But in the sense that he really does think that everyone benefits from the fullest sharing of information, yes. I think he is being honest about that simply because he does really believe it, and has said so. It's the whole idea behind Facebook. He also does believe that it's an idealistic idea, which will make the world better.

I think this idea is wrong, because it is irresponsible. It also has made Zuckerberg rich, which is not at all incidental. People do believe, and try to justify, what makes them money.

My point is that there have to be restrictions on the sharing of information, and unlimited openness is not better, when the people involved, whose information it is, discover that the sharing has exposed more than they wanted.

(It's easy to say that it's just the dumb users' fault. Well, it is in part. But FB made it very easy for them to put all this data out there, because that's what FB wanted, and also put to use.)

Bob.

Reply With Quote
Thanked by:
  #74 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,973 since Sep 2015
Thanks Given: 15,494
Thanks Received: 15,387


bobwest View Post

What this means is that there should be no restrictions on the flow and exchange of information. This has been the mantra of social media during its period of explosive growth.

Now, do I think Zuckerberg is "honest"? Not in every sense of the word, no. But in the sense that he really does think that everyone benefits from the fullest sharing of information, yes. I think he is being honest about that simply because he does really believe it, and has said so. It's the whole idea behind Facebook. He also does believe that it's an idealistic idea, which will make the world better.

Thx for clarifying. I still believe Zuckerberg's goal is not really 'world's connectedness', as much as FB repeats it as a mantra. He said it of course, because he must say it. I do believe corporations must be answerable to their investors whom, after all is said and done, care about only one thing: profits. If any CEO does not serve their investors base by pursuing growth which in turns translates into greater shareholder value they would be derelict in their duty.

Still, as you rightly pointed out, anyone's agenda needs a motto (which must serve as a justification to the cause) and FB's motto is the one you quoted about world's being connected and all.

Started this thread Reply With Quote
Thanked by:
  #75 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,464
Thanks Received: 26,278


xplorer View Post
Thx for clarifying. I still believe Zuckerberg's goal is not really 'world's connectedness', as much as FB repeats it as a mantra. He said it of course, because he must say it. I do believe corporations must be answerable to their investors whom, after all is said and done, care about only one thing: profits. If any CEO does not serve their investors base by pursuing growth which in turns translates into greater shareholder value they would be derelict in their duty.

Still, as you rightly pointed out, anyone's agenda needs a motto (which must serve as a justification to the cause) and FB's motto is the one you quoted about world's being connected and all.

Well, yeah.

But I want to slam on the brakes about connecting the world. It's a good thing, and will happen, but it's not an unconditional good unless there are safeguards too.

Of course, Zuckerberg knows how he makes his money. He should be criticized for how he does that, if/when he oversteps the line with other peoples' data.

But basically, I'm against the motto.

Bob.

Reply With Quote
Thanked by:
  #76 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,207


Rrrracer View Post
We have come to expect Experian/Facebook/Whoeveritis.com to eventually compromise our sensitive information, and in that regard we are de-sensitized to it. For the masses, it's really no big deal.

The huge difference in those two (Experian vs Facebook) is that one you signed up for and while you hoped you weren't comprised you knew there was a risk you would be, while the other is somebody collecting data on you that you can not stop. While people seem so much more upset about Facebook, I'm a lot more upset about Experian, but maybe thats just because I don't use social media at all.

Reply With Quote
  #77 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,973 since Sep 2015
Thanks Given: 15,494
Thanks Received: 15,387


bobwest View Post
Of course, Zuckerberg knows how he makes his money. He should be criticized for how he does that, if/when he oversteps the line with other peoples' data.
.

Thx Bob. I wanted to elaborate on my earlier post and expand on the feeling of distrust I have always had for platforms who insist on the fact that you should register your own details under your real name, (which I typically never do), FB being on top of the list:

I don't know how many people know this but Zuckerberg, in FB's infancy stage, defined a group of about 4,000 users who had trusted him with their own data as - and I quote - "dumb f*cks". This is not something unconfirmed, as I remember reading back then that, when confronted, he admitted as much and he said he was very young and now he had grown (but then, when caught red-handed with information you simply cannot refute, what could one in his position say, really). Details of the story here, or simply google "mark zuckerberg dumb f*cks".

There's links there to other quite disturbing stuff such as this, which has never been substantiated and chances are never will. That does not make it less worrying, in my mind.

The point I wanted to make is that in my opinion he was well aware from the start that the more FB's users would give up their privacy the more he stood to profit as FB's business model is based almost entirely on targeted advertisement. They have been intentionally careless in their lack of data privacy awareness to the public for this very reason, as any corporation that, throughout history, has been found negligent in some aspect or other in the name of profit. That's my view anyway.

Started this thread Reply With Quote
  #78 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,464
Thanks Received: 26,278


xplorer View Post
The point I wanted to make is that in my opinion he was well aware from the start that the more FB's users would give up their privacy the more he stood to profit as FB's business model is based almost entirely on targeted advertisement. They have been intentionally careless in their lack of data privacy awareness to the public for this very reason, as any corporation that, throughout history, has been found negligent in some aspect or other in the name of profit. That's my view anyway.

Yeah, I pretty much agree. I also remember the dumb fucks comment.

Unfortunately, it's true. It also says something about FB, I think.

Bob.

Reply With Quote
Thanked by:
  #79 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,464
Thanks Received: 26,278


SMCJB View Post
The huge difference in those two (Experian vs Facebook) is that one you signed up for and while you hoped you weren't comprised you knew there was a risk you would be, while the other is somebody collecting data on you that you can not stop. While people seem so much more upset about Facebook, I'm a lot more upset about Experian, but maybe thats just because I don't use social media at all.

I am way more concerned about Experian, and the other rating agencies.

The rating guys stay in the background, unnoticed unless they mess up your data -- report things wrong-- or get hacked, which they have and will again. Also, credit issuers use them, and you don't have a choice about whether they will. Which is also a concern.

Bob.

Reply With Quote
Thanked by:
  #80 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,207



bobwest View Post
unnoticed unless they mess up your data

Off topic - but even then the onerous is on you to prove beyond a doubt that they are wrong.

Reply With Quote
Thanked by:




Last Updated on July 22, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts