China has started rolling out the Chinese ‘social credit score’, which takes into account, among other things, your behaviors, and your purchases. But don’t think you’re immune if you don’t live in China; companies around the world, including the U.S., are already compiling a ‘social score’ on you. While a “social score” is different in some ways from a “social credit score”, it’s not really that far removed, and the potential is pretty concerning.
Last week we started hearing about the Equifax data breach, although Equifax had actually known about the data breach at least a month earlier. (The full text of the Equifax statement about the cybersecurity data breach is reprinted below.) The most stunning thing about this breach is the breadth of it: the Personally Identifiable Information (PII), including names, social security numbers, and driver’s license numbers of 143 million U.S. citizens were exposed in this breach. Here is what you need to do, right now, to protect yourself.
If you didn’t yet get a notice from Amazon about a credit from the settlement of the anti-trust price-fixing lawsuit against Apple and book publishers, you may be wondering “Am I entitled to the Amazon credit from the lawsuit settlement?”. You may even have come to the conclusion that you aren’t going to receive credit from the settlement, even though you are sure that you purchased ebooks from Amazon before April of 2012. Well, just because you haven’t received the notice yet, doesn’t mean that you don’t have a credit coming. Here’s how to find out if you are getting a credit from that lawsuit settlement.
You may have received an email from Amazon this week that says “Your Credit from the Apple eBooks Antitrust Settlement Is Ready to Use” – and guess what: it’s legitimate! That credit will show up in your Amazon account as a gift card balance.
With a new patent issued this week, Facebook is now able to give lenders access to information about who is in your social circle, and when you apply for a loan the lender will look at your Facebook friends’ credit ratings to determine whether or not to give you a loan! That’s right, approval for your loan will be based on your Facebook friends’ credit worthiness.
Did you get an email from Paypal with the subject ‘PayPal Debit MasterCard Information’, or something similar, telling you that a Debit Card Credit will be deducted? Here’s why.
Snapchat, the “now you see it now you don’t, but it didn’t really disappear” company, has partnered with Square, the money people, to provide a new mobile payment service called Snapcash. Of course, it’s really just Square, private labelled for Snapchat.
Two years ago, almost to the day, the government filed an antitrust price-fixing lawsuit against Apple, Hatchette, Harper Collins, Simon & Schuster, Macmillan, and Penguin, for price-fixing higher rates on ebooks in an effort to put the squeeze on Amazon and their Kindle.
It’s one of those things that you never think will happen to you. You’re going along in life, hunky-dory, then boom! There are fraudulent charges on your credit card, or an unknown credit card shows up on your credit report, or you get a call from a collection agency demanding payment on an account that you never even knew existed. Unfortunately, credit fraud and identity theft protection are not one of those things that you think about until it is too late. And if the person who stole your identity is a family member, such as your mother, father, sibling or even your own child, you also have an additional set of special circumstances to deal with.