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15 July 2013updated 22 Oct 2020 3:55pm

Is social media data in finance a double-edged sword?

The NSA saga should also make us wary of how private companies are using our personal data.

By Carlos Pallordet

The revelation that US intelligence agencies are accessing billions of private emails and messages posted on (private) social networks has sparked indignation across the world. The assumption that our information would remain private never lied on strong grounds, but the official confirmation following the Snowden saga has brought new ethical dilemmas into the public sphere, not previously encountered before the advent of the digital era.

The violation of privacy is the biggest issue of all in this story and we might just be seeing the beginning of it as it appears that it is not only the US government who is opening our letters and spying in our drawers. Indeed, the NSA seems to be just the tip of the iceberg of secretive gathering of private data on a global scale.

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