SINGAPORE (Dec 31): In December, news emerged that social media giant Facebook had been playing fast and loose with its users’ data. Internal documents and emails published by the UK government show that the company considered employing the data for strategic and commercial purposes. Advertisers and partners would be sold access to the valuable information, while rivals would be kept out.

The revelations come amid hearings in the UK Parliament on the controversies that the company has been mired in — including allowing its platform to be misused to incite violence and interfere in elections. To be sure, there is nothing wrong with a company looking to monetise its biggest asset, which, in the case of Facebook, is the trove of data from its 2.27 billion users around the world. But, the company has consistently asserted that it does not sell data to advertisers or anyone, as founder Mark Zuckerberg told members of the US Congress.

Yet, the privacy lapses at Facebook are only one of the risks faced by just about everyone who has an internet connection. In fact, in September, Facebook disclosed that 50 million user accounts were compromised in an attack that gave hackers the ability to take control of the accounts. More recently, the hack into the computer systems of the Marriott International hotel group exposed the private data of half a billion people around the world.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook