Thursday, December 15, 2011 - 4:24 PM

Future Ways Banks May Collect Info On Us

A new wave of startups is working on algorithms gathering data for banks from the web of associations on the internet known as “the social graph,” in which people are “nodes” connected to each other by “edges.”

KenBDG5,178 posts since
Nov 29, 2009
Rep Points: 117,662

1. Thursday, December 15, 2011 - 8:43 PM

Great article ... thanks for the link. Scary, but a likely scenario. As it mentions, online history and profiles (including social media sites) are already being used by employers and third parties. It wouldn't take much for this wealth of information to eventually be used by banks, insurance companies, etc.

JimMartin911 posts since
May 26, 2011
Rep Points: 58