The business of BIG DATA

Every time you use your smartphone to Google something, every time you tag your location on social media, and definitely every time you buy something online, companies are collecting your data. In fact, most major retail brands, companies, and online sites that sell products or services are carefully “mining” your sensitive personal and financial data, reselling it to third-party data collection companies who then analyze, ...

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Cyber attacks on JPMorgan Chase compromise financial data of 83 million consumers.

Last August, sophisticated computer hackers breached the networks of banking giant JP Morgan Chase and other banks, stealing sensitive data. It’s estimated that the financial records of up to 83 million households and businesses were compromised, approximately 2/3 of their client base. In what’s been called a coordinated cyber attack, the hackers stole at least a gigabyte of sensitive information including customer data. The ensuing U.S. investigation reports that it was an attack by the Russian government and possibly other Eastern ...
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