Would you sell your data for profit?
Published: September 21, 2022

Would you sell your data for profit?
Would you sell your data for profit?

Would you sell your data for profit?

You might take your online privacy very seriously. You always connect to one of the best VPN services when surfing the net. Likewise, you also carefully read the terms and conditions before clicking the 'Agree' button. You may even customize the settings of your smartphone and apps to make sure they record as less information about you as possible. 

However, despite all your efforts, big tech companies are still collecting a huge amount of data about you every day. They unsurprisingly make tons of money out of it, too. 

Being that data collection looks like an inevitable practice, why not gain from it yourself, then? Would you feel comfortable selling your sensitive data for a profit if you would have the means to do so?

This is exactly one of the questions that analysis firm Exploding Topics addressed to more than 1,600 Americans. And - surprise, surprise - nearly half of the respondents said they would. 

As part of a bigger investigation, analysts from Exploding Topics reached out(opens in new tab) to 1,617 internet users living in the US to gather their views on data privacy, ownership of online content, and the role of big tech companies. 

Perhaps the most interesting finding is actually about the selling of personal data. 

While acknowledging that these firms make a huge profit sharing users' personal data to third parties for commercial purposes, a staggering 47.9% of the respondents said they would consider selling their data for financial gain. 

The remaining half is then split between a 26.5% saying they wouldn't, and a 25.6% said to be unsure of what they would do if they have a chance to cash off their own sensitive information. 

Analysts got an even stronger response when asking if users should automatically get part of the profit in case a company sells their data. Here, more than 70% agreed that it would be a fair exchange. 

While it's unlikely that such a practice will gain a foothold in the big tech sector anytime soon, you can at least make some more conscious choices on which information to share and with whom. For this, it's important to exactly know the types of personal data these companies hold about their users. 

Companies record an array of personal information about their users directly from them. These include their name, phone number, email address, home address, payment details, username, passwords, and even the emails they write and/or receive. 

Another set of data falls into the category of unique identifiers characterizing the device you use to go online. These include IP address, device and/or browse type, system activity record and details on URL requests. 

Then, there is specific information that got collected about users' activities. These can be the search terms they look up for, shared messages, content accessed and duration of their online session. 

Additional data that big tech companies hold on users comes from their location information, like the time zone they're connected to and GPS movements. Companies might even obtain information about their customers from publicly accessible sources such as newspapers, advertisers, and credit bureaus. 

Among the biggest companies on the market, Google wins the gold medal for the most data collected(opens in new tab). Whereas, Apple seems to be the one doing the most to safeguard its customers' privacy. Also, the two main social media platforms Twitter and Facebook look like they're storing more data than they need to. 

As you can see, for companies, it's effortless wildly exploiting users' personal information for their financial gain. This is why governments around the world have been busy crafting new laws to cope with privacy issues linked to today's digital society. 

The concept of data minimization is critical here. At the base of many worldwide data privacy legislations like the EU/UK GDPR and the proposed American Data Privacy and Protection Act, it allows companies to collect only users' information strictly necessary to provide a specific service in the most transparent way possible.

SOURCE: techradar.com


Customer Reviews:

We all have been VERY pleased with Adrian's vigila
We all have been VERY pleased with Adrian's vigilance in monitoring the website and his quick and successful repairs. Evan was also very helpful in solving all of my hacking problems. So in all aspects of the Computer Geeks we are very glad we are working with you.
Kenneth Bruscia PhD
Published:
Kenneth Bruscia PhD
[email protected]
FIVE STARS + It's true, this is the place to go fo
FIVE STARS + It's true, this is the place to go for your web site needs. In my case, Justin fixed my problem immediately. It's such a comfort to know that I can reply on these people for any and all my web needs. You will not find a better team anywhere.
Paul Adler
Published:
Paul Adler
[email protected]
We reached out to Rich and his team at Computer Ge
We reached out to Rich and his team at Computer Geek in July 2021. We were in desperate need of help because our former website design agency left us hanging with major website issues that needed immediate attention. Rich and his team were extremely helpful and quick to come to our rescue! They have helped us with numerous projects that have helped our SEO. Our sales have increased 30% since coming to Computer Geek. We've been working with them for about nine months now and are very pleased with their response time and helpful manner. Rich has proven himself to be trustworthy and dependable. We feel valued as a customer and look forward to continuing a relationship with Computer Geek.
Leigh Hutchens
Published:
Leigh Hutchens
[email protected]
Just to say thank you for all the hard work. I can
Just to say thank you for all the hard work. I can't express enough how great it's been to send projects and they get done. Beyond that, your ability to work with three different folks in a personable way really has been a game changer for us. The improvements to our business because of your hard work have been significant.
Curtis Williams
Published:
Curtis Williams
[email protected]
I would certainly like to recommend that anyone pu
I would certainly like to recommend that anyone pursing maintenance for a website to contact The Computer Geek. I have been using another company to do some maintenance on my site with moderate success. There were issues that were evidently beyond what could be handled by them. However, the professionals at The Computer Geek had them addressed and rectified in no time at all. The Computer Geek approached all of my requests focusing on my goals and the needed performance. Then, once versed, presented me with a very reasonable price. Once the projects were in motion, I found that the tasks were achieved before I expected, with professional results. Also, in one instance where The Computer Geeks brought an issue to my attention that I would have likely overlooked. This was accompanied by a recommendation on how to solve the issue. Overall The Computer Geeks exceeded my expectations!
David Pappas
Published:
David Pappas
[email protected]
I have a important website dedicated to the local
I have a important website dedicated to the local high school going back nearly 100 years. It was suddenly infected with a virus. Rich at Computer Geek fixed it within an hour. I cannot recommend him enough. I hope it's not for a long time, but the next time I need help, Rich is who I'm gonna call.
Eric Williams
Published:
Eric Williams
[email protected]
WOW! I have been wracking my brain for the past 30
WOW! I have been wracking my brain for the past 30 days trying to figure out who was hosting my company's website the domain owner, etc. Yesterday, when I googled for help and I clicked on the link to computer-geek.net and picked up the phone and called them. Rich answered and from there it was smooth sailing!
Rhonda Harding
Published:
Rhonda Harding
[email protected]
A note to let you know how much I appreciate your
A note to let you know how much I appreciate your team's work. Justin is on top of quickly solving any issues, making changes, reliable. Finding you was one of the luckiest days of my 74 years. I'd be honored if you'd add me to your list of references. And please stay healthy and in business. I got enough headaches from other folks.
Dan Cutrer
Published:
Dan Cutrer
[email protected]
We discovered an issue with our Oscommerce cart pr
We discovered an issue with our Oscommerce cart processing images. It is about 14 years old and heavily modified. Looking on google for some expert help I found Rich and reached out to him. We received a response the same day. The next day his team was working on our issue and was able to solve it within a few hours. Price was reasonable and we are very appreciative to find a competent and professional oscommerce expert to help successfully troubleshoot our issue.
Phillip Sirota
Published:
Phillip Sirota
[email protected]
I'm very new to the whole idea of having a website
I'm very new to the whole idea of having a website / blog. I used Bluehost.com and WordPress.org to create Thepredatorhunter.com and then managed to wreck it. On a Sunday morning I opened chat box with Rich and within a few hours everything was fantastic! This isn't just a company for big biz, if your new and small, The Computer Geek can help you out. In trouble? Stop fretting and start typing in the chat box. You will be glad you did!
Dennis Gilmore
Published:
Dennis Gilmore
[email protected]
[Read More Testimonials Here]

Latest Website Related Articles

NASA is about to crash a spacecraft into an asteroid

Published: September 26, 2022
Dimorphos is a lump of space rock so far away from Earth that we don’t even know what it looks like, and on Monday, we’re going to smash it with a spacecraft. The Double Asteroid Redirection Test (DART) will be traveling at more than 14,0...[Read More]

 

What is an internet service provider

Published: September 26, 2022
If you work with computers or spend a lot of time on them, then you've probably heard of the term internet service provider or ISP. But what exactly is an ISP?  An ISP is a company that provides an internet connection to homes, businesses...[Read More]

 


Here are some links to related topics:
 how to stop ddos attack,   how to build backlinks,   hiring a webmaster,   zen cart hacked,   oscommerce hacked,   startlogic hacked,  


Auto Helpers: Auto Helpers
Site Secured By The Website Guardian