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The difference between those two "glitches", receiving an incorrect product and Credit Karma's exposure is: that toxic asset, your data. We are eventually goin
by rectang 7y ago
The difference between those two "glitches", receiving an incorrect product and Credit Karma's exposure is: that toxic asset, your data.
We are eventually going to come around to the fact that business models which require keeping sensitive user data are highly risky — just like businesses that handle toxic chemicals.
- pugworthy 7y agoThanks. Better analogy than my Boeing one.
- sixdimensional 7y agoI think we are already there. Assigning a monetary value to data is a critical step for any responsible organization or person, then it can be managed like an asset or a liability - of which it is both.
- pessimizer 7y agoNot unless there's legislation giving people some ownership of their data and companies some responsibility in its stewardship. Until then it'll be an externality, which means that hoarding data is essentially free money. Just like businesses who use and discard into the environment toxic chemicals that there are no regulations covering.