Vishnu Mohan
Team: CRYPTERS
HOMEWORK 8
How do the intersections of “big data” and the Internet and social networks mitigate or exacerbate Internet fraud risks?
Big Data is a revolution, which has taken shape in the recent past and is becoming a game changer in all the spheres of life. It provides solutions to global problems like improve health care quality, improve industrial efficiency, etc. The amount of data pouring into organizations is staggering. Information is collected from multiple channels including social media. Many of the online shopping websites gather information about the user preferences from their clicks and every other interaction and even change the price of products every fifteen seconds after comparing it with that of
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Despite the potential for big data’s positive impact on the lives of consumers, there is a real risk of lack of transparency and loss of consumer control. There are a myriad ways in which data is collected about people. And virtually all of the data broker activities including the placement of consumers into potentially sensitive categories, take place without consumers’ knowledge or control. Furthermore, consumers’ ability to access and correct the information that data brokers hold about them is limited, where it exists at all. As a result, there is a risk that if a consumer is denied the ability to complete a transaction based on inaccuracies in a data broker’s profile, the consumer will be harmed without knowing why and without being able to address the problem. There is a risk of unexpected and unwelcome use of data. For example, data generated by connected medical devices could be used to make credit, insurance, and employment decisions without consumers’ knowledge or consent, and without ensuring the accuracy of the data. Big data could also be used in ways that could exacerbate existing socio-economic disparities, by segmenting consumers with regard to the customer services they receive, the prices they are charged, and the types of products that are marketed to them. Big data raises concerns about data security. For instance, by compromising IoT devices, hackers could gain access to the same types of sensitive financial account information, passwords, and other information used to commit identity theft or fraud. Hackers might also exploit security vulnerabilities in devices such as smart cars or connected medical devices to create risks to physical safety in some cases. These potential risks are exacerbated by the fact that some companies entering the IoT market may not be as focused on security issues as those who have been manufacturing computer
The author appear to be moderately perplexed by the fact that American state that they are concerned about privacy but they yet disclose personal information to entities. I would offer that the reason many are disclosing the information, is that business will not offer their services or product without the personal information. One can go to another vendor for service, only to have the same problem repeated. Now what is perplexing, is the authors claim that “a significant number, 11%” (Caftori & Teicher, 2002) of the population believes that corporate owners should go to prison for violations of information privacy. I must say, I never thought of 11% of a population as a significant percentage, but I am just a student. More confusion for the authors is when a computer system that handles big data has faulty output. They use the analogy of an airline, and if they lose your luggage and should receive compensation, but this is not the case when the DMV provides faulty data. This should not be perplexing, with the airline an explicit contract is made with the purchase of the ticket. The airline is transport my body and my luggage to the agreed location without damage or loss. Luggage is tangible. The contents are worth x amount of dollars and the airline pays the individual
Identity theft is a term used for describing criminal that uses individual’s identity without consent. A common crime of identity theft would be identity fraud. Many of the crimes are regularly connected with money-related issues (Reyns, 2013). With technology being commonly used nowadays we are getting more dependent on it for business, financial, medical, and other forms. As a result this became a target for identity thieves as well. The Internet provides us information and accessibility, but information being stored on the Internet eas...
According to Lisa Arthur, big data is as powerful as a tsunami, but it’s a deluge that can be controlled. In a positive way it provides business insights and value. Big data is data that exceeds the processing capacity of conventional database systems. It is a collection of data from traditional and digital sources inside and outside a company that represents a source of ongoing discovery and analysis. The data is too big, moves to fast, or doesn’t fit the structures of the database architecture. Daily, we create 2.5 quintillion bytes of data. In the last couple years we have created 90% of data we have in the world. This data comes from many places like climate information, social media sites, pictures or videos, purchase transaction records, cell phone GPS signals, and many more places. From the beginning of recorded time through 2003 users created 5 billion gigabytes of data. 2011, the same amount was created every couple days. 2013, we created that same amount every ten minutes. Some users prefer to constrain big data into digital inputs like web behavior and social network interactions. The data doesn’t exclude traditional data that is from product transaction information, financial records and interaction channels.
The personal connection Americans have with their phones, tablets, and computers; and the rising popularity of online shopping and social websites due to the massive influence the social media has on Americans, it is clear why this generation is called the Information Age, also known as Digital Age. With the Internet being a huge part of our lives, more and more personal data is being made available, because of our ever-increasing dependence and use of the Internet on our phones, tablets, and computers. Some corporations such as Google, Amazon, and Facebook; governments, and other third parties have been tracking our internet use and acquiring data in order to provide personalized services and advertisements for consumers. Many American such as Nicholas Carr who wrote the article “Tracking Is an Assault on Liberty, With Real Dangers,” Anil Dagar who wrote the article “Internet, Economy and Privacy,” and Grace Nasri who wrote the article “Why Consumers are Increasingly Willing to Trade Data for Personalization,” believe that the continuing loss of personal privacy may lead us as a society to devalue the concept of privacy and see privacy as outdated and unimportant. Privacy is dead and corporations, governments, and third parties murdered it for their personal gain not for the interest of the public as they claim. There are more disadvantages than advantages on letting corporations, governments, and third parties track and acquire data to personalized services and advertisements for us.
The Internet offers many benefits but it also creates many threats that undermines our personal privacy. Concerns about loss of privacy are not new. But the computer's ability to gather and sort vast amounts of data and the Internet's ability to distribute it globally magnify those concerns [1]. Privacy concerns on the Internet are centered on improper acquisition, improper use of personal information such as intrusions, manipulation, discrimination, identity theft, and stalking of personal information. Today the Internet stretches our geographic boundaries and force us to deal with global ethic based on moral principles held to be valid across the cultures. Due to the nature of the Internet, our personal information may be transmitted over the internet and that the transfer of personal information may be made to any country in the world, regardless of the extent of any data protection laws and regulations in any of those countries.
To begin with, various websites are violating our privacy by selling our data to third party companies. Today accumulation of personal information is escalating using technology tools all over the world without permission of an individual. Precisely, social networking sites such as Facebook collects information actively while websites such as Google passively. Facebook allows strangers to view anyone’s profile and systematically eliminates privacy for those who choos...
If a stranger would approach someone on the street, would one casually offer personal information to him? Would one allow him to follow and record one’s activities? Although it may be obvious in the concrete world that one would not allow it, the behavior of the general population on the Internet is strikingly different. While surfing websites such as Facebook, Twitter, and Google, many people provide personal details to enhance their online profile? These websites retain vast amounts of personal information from their users. Although this practice benefits the user as well, unrestricted profiling can become an alarming catastrophe. Unless the threat to internet users privacy are shown to exceed the benefits, we should not regulate the internet, rather we should educate the public how to be more responsible about their identities.
Each day, billions of people worldwide depend on the security of digital systems. From medical history and test results at a hospital, to financial information and account statements at a bank, or social connections and personal messages on a smart phone, nearly every facet of a person’s life has some component of personal data associated with it that is stored on a computer. Furthermore, new forms of personal data to collect are being identified, gathered, analyzed, and stored all the time. This growth in the collection of personal data is so immense that the amount of digital data in existence approximately doubles every two years, and large companies are responsible for creating about 80% of this data increase (Gantz & Reinsel, 2011).
In today’s society, technology has become more advanced than the human’s mind. Companies want to make sure that their information systems stay up-to-date with the rapidly growing technology. It is very important to senior-level executives and board of directions of companies that their systems can produce the right and best information for their company to result in a greater outcome and new organizational capabilities. Big data and data analytics are one of those important factors that contribute to a successful company and their updated software and information systems.
Big Data is a term used to refer to extremely large and complex data sets that have grown beyond the ability to manage and analyse them with traditional data processing tools. However, Big Data contains a lot of valuable information which if extracted successfully, it will help a lot for business, scientific research, to predict the upcoming epidemic and even determining traffic conditions in real time. Therefore, these data must be collected, organized, storage, search, sharing in a different way than usual. In this article, invite you and learn about Big Data, methods people use to exploit it and how it helps our life.
The Internet, in just twenty years, grew from having 16 million users to 3.3 billion globally, about 46% of the current population, and is still growing today, according to the Internet World Stats. With the availability of smartphones, the Internet can now be carried in users’ pockets, and more information is available to create, share, and spread. Tons of sensitive data is sent through the internet everyday, such as usernames and passwords, personal information, bank and credit card information, and details regarding identity. Sensitive data are regularly sent through and stored on secure and protected servers. As such, there is the saying, “nothing is impenetrable”, and some people figured that with such an amount of data constantly flowing in and out, it would be a good idea to try and draw information from the world’s largest source. In the book Privacy in Context: Technology, Policy, and the Integrity of Social Life, the author Helen Nissenbaum writes, “INFORMATION TECHNOLOGY IS CONSIDERED A MAJOR THREAT TO privacy because it enables pervasive surveillance, massive databases, and lightning-speed distribution of information across the globe” (1). For example, software called malware, or malicious software, such as viruses, trojans, web bugs, adware, and
...ch Reips. ““Big Data”: Big Gaps of Knowledge in the Field of Internet Science.” International Journal of Internet Science 7.1 (2012): n. pag. Web. 16 Mar. 2014.
Big data originated with web search companies that encountered problems with querying large amounts of both structured and unstructured data. With regard to its background, “big data came into being when web search companies developed ways to perform distributed computing on large data sets on computer clusters” Floyer (2014: 1). Big data then spread to enterprises due to their adoption of developing, processing and dissemination of data.
The internet, provided by many devices nowadays “provides everybody with identical technical capacities… publishing his or her personal views on a worldwide scale - and all of this at a minimum cost and effort, without any spatial restrictions” (Geser 9). “Until they became conscious they will never rebel, and until after they have rebelled they cannot become conscious” (Orwell), the internet is easily accessed by many people worldwide and can be easily hacked to find out important private information about anyone. Social networks especially, whose privacy systems have failed to protect their users from their ac...