You can trust Facebook with your banking details! Really!

rslade — Mon, 09 Oct 2023 08:53:23 GMT

Facebook wants to become a major intermediary between you and everyone you do (financial) business with.

Yes, that Facebook. The one that sold your data to Cambridge Analytica. And a whole bunch of other companies. (And took forever to shut off infowars.com ...) (And has otherwise shown itself to be socially tone deaf ...)

"Facebook said it wouldn’t use the bank data for ad-targeting purposes or share it with third parties."

Yeah, right. Lemme tell you a story. A long time ago, a delivery company called UPS, added a little device to their drivers' clipboards. When you signed for a package, it collected a little digitized signature. We, in the security and privacy, were rather upset with this idea, that one company would build a database of names, addresses, phone numbers--and signatures, which they might sell. Oh, said UPS, we would never do anything like sell that database.

Five years later it was up for sale.

Trust Facebook? When they've already proven themselves untrustworthy? Yeah, right.

Re: You can trust Facebook with your banking details! Really!

CISOScott — Wed, 08 Aug 2018 19:38:02 GMT

@rslade wrote:
When you signed for a package, it collected a little digitized signature. We, in the security and privacy, were rather upset with this idea, that one company would build a database of names, addresses, phone numbers--and signatures, which they might sell. Oh, said UPS, we would never do anything like sell that database.

Five years later it was up for sale.

Now @rslade if they exported the database into multiple spreadsheets and sold the spreadsheets, then TECHNICALLY, they didn't sell the database.......... and therefore "kept" their promise......

topic You can trust Facebook with your banking details! Really! in Industry News

You can trust Facebook with your banking details! Really!

Re: You can trust Facebook with your banking details! Really!