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Will Our Love-Hate Relationship With Social Media Ever Break?

PYMNTS

consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time – people complain constantly about how social media causes or enables all of that. Yet those same people find it hard to quit the Facebook, Twitter and social media platforms.

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Google Quits Cookies As Data Privacy Regs Show Fangs

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In the middle are the consumers whose data fuels eCommerce, social media and basically the entire internet as we know it. The European Union (EU) has levied $126 million USD in fines in that brief time, the biggest against Google at $57 million. That’s a bad moon rising for some Big Data operators. Merchants Waiting It Out.

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Google Cloud Server Left A Billion Users’ Info Vulnerable

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billion people’s personal data , which included email addresses, phone numbers and social media accounts, was discovered on an unprotected server in October, according to a report by Bloomberg. If criminals wanted to use the data, he said, the social media accounts would be especially valuable.

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Craigslist Founder Invests $5M In Former Facebook Exec’s Security Project

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A $5 million gift from Craiglist’s Craig Newmark Philanthropies will support a new program, led by former Facebook security expert Alex Stamos. Stamos, who left Facebook last August, called the power given to social media companies to police election issues “insane.”. But it’s because governments aren’t stepping up.”.

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Malicious Apps Gained Access To Some Facebook, Twitter Users’ Personal Info

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After using their accounts to log into specific Android apps downloaded from the Google Play store, Twitter and Facebook noted that the personal information of hundreds of users might have been accessed improperly. We encourage people to be cautious when choosing which third-party apps are granted access to their social media accounts.”.

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Tim Berners-Lee: Google, Facebook Might Need To Be Broken Up

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Tim Berners-Lee, the inventor of the world wide web, has warned that technology giants like Facebook and Google are now so dominant that they might need to be broken up. Apple , Microsoft , Amazon , Google and Facebook have a combined market capitalization of $3.7 That, said Berners-Lee, was a tipping point for many.

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Identity As A Service To The Rescue

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Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.