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Author Topic: for anyone interested in how much their personal data is worth  (Read 531 times)
bitgolden
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September 18, 2023, 06:09:31 PM
 #61

It was already known to all of us that our personal data was not protected but the fact that this data was used and priced in certain categories meant that we were in a less secure environment than we expected. Especially in this period when there are many free applications, of course, application developers also sell this data in order to generate income. For this reason, we understand that we need to be more sensitive about the applications we use and the information we provide to these applications.

Although it is not included in this attachment we can be sure that this data is grouped in more detail and many businesses can reach potential customers more easily with higher fees. Who knows how many different classifications are made in this way, including our own data.
All those "free" stuff are actually not free and you are the product. That has always been the case, if you are given something free to use, then you are the product they sell. Places like facebook, instagram, tiktok, twitter all uses you as their product to sell to their customers, the real customers, who are the ad companies.

And I can tell you easily that we are going to end up with a lot of trouble in the future with our data. There are big global brands in the social media that has more information about you than even your government has, and that is going to cause a lot of trouble with power balance, imagine a social media being able to control the public more than a government can, wouldn2t that pose a threat?

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DVlog
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September 18, 2023, 07:21:17 PM
 #62

It's true, we're not really losing our personal data it's just that others are able to have them, meaning it will not be exclusive for us to use. It is not new knowledge that companies use our data for their growth, I mean we are all aware of it and sometimes even volunteer to do it when we choose to answer survey forms and customer service feedback. However, the actual harm and scary thing is when someone like a fraud gets a hand on your personal data and uses it on illegal transactions. There are a lot of instances when other people's identities were used to do illegal transactions without them even knowing that someone else was able to have access to their personal data, the next thing they know they have authorities hunting them down. It is cases like these that makes people scared regarding topics like this.
And that is the thing, while our personal information is not worth much to the companies that want to acquire our data, that information is invaluable to us, because if it ends up on the wrong hands this can bring us a lot of trouble down the line, unfortunately we do not have too much of a choice, as in this day and age it is indispensable to carry a smartphone with you, and as we know those devices are always leaking our information in one way or another.

What kind of data do these companies have about an individual? Their browsing behavior, interest, hobby, age, sex, status, etc. They don't have your wallet's private key or your ATM pin number. The scary thing that can happen to you is that you will frequently see some annoying ads or a call from a scammer who is offering you the next dot-com share because he thinks it's your lucky day.

Our data is invaluable to us, and this value depends on which region of the world you are living in. Individual data from any southeast asian country isn't that valuable, and most people from this part of the world actually don't care about it.

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September 18, 2023, 08:27:50 PM
 #63

For sure, lots of people will say too low on this, but that's the sign that you would be selling your personal data. Our data should have no money value as we need to protect it, but right now I've seen a lot of people, mostly in my country, ready to sell their identity to whomever needed it as long as they were paid.
 
Recently this year, I saw a thread from our country forum that they will pay about $10 for filling out a form that contains your ID and personal data, and surprisingly, a lot of people do it, even using their parents identities.
The data's are given too low money value so that we don't see it as anything important as people are claiming it to be. I see a lots of data survey companies offering between less than $1-$5 for different degrees of informations about the person and people don't care to know why they will be paying to get their data's if it's not that important.

 The data's we don't care about today in exchange for $10  can be used against us and family in the future that can cost us competitive positions in the society and other things when they get sold into the hands of a rival. People should learn to protect themselves for the future since it's unknown if what will be.




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September 21, 2023, 07:06:04 AM
 #64

For sure, lots of people will say too low on this, but that's the sign that you would be selling your personal data. Our data should have no money value as we need to protect it, but right now I've seen a lot of people, mostly in my country, ready to sell their identity to whomever needed it as long as they were paid.
 
Recently this year, I saw a thread from our country forum that they will pay about $10 for filling out a form that contains your ID and personal data, and surprisingly, a lot of people do it, even using their parents identities.
The data's are given too low money value so that we don't see it as anything important as people are claiming it to be. I see a lots of data survey companies offering between less than $1-$5 for different degrees of informations about the person and people don't care to know why they will be paying to get their data's if it's not that important.

 The data's we don't care about today in exchange for $10  can be used against us and family in the future that can cost us competitive positions in the society and other things when they get sold into the hands of a rival. People should learn to protect themselves for the future since it's unknown if what will be.
Even if that doesn't pose any risk for us or our families, the survey companies that collect personal information from us by either paying us or making promises to give us rewards and money, sell these data to other companies that pay them way more than what they pay us for the information. That is the reason why these survey companies strive to get as much information as they can because they know it's extremely valuable.

Have you ever wondered why and how we get SMS promotional messages from time to time on our personal phone numbers when we don't give our numbers to anyone? It's because the GSM companies that we get our numbers from sell these data to companies that advertise their products and services through it.
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September 21, 2023, 09:59:57 AM
 #65

Have you ever wondered why and how we get SMS promotional messages from time to time on our personal phone numbers when we don't give our numbers to anyone? It's because the GSM companies that we get our numbers from sell these data to companies that advertise their products and services through it.

I highly doubt that this is true. If this were really true, then journalists would have dug into that and revealed scary truth. Maybe there are phone number dumps, but they arent in bulk and companies try to hide that. Like companies have millions of customers, and some unfair employees sell few thousands numbers on dark market. It is us who treats our privacy irresponsibly. We do have same phone number for tens years and use it everywhere. We are the one who form those personal data bases primary.

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September 21, 2023, 01:16:08 PM
 #66

For sure, lots of people will say too low on this, but that's the sign that you would be selling your personal data. Our data should have no money value as we need to protect it, but right now I've seen a lot of people, mostly in my country, ready to sell their identity to whomever needed it as long as they were paid.
 
Recently this year, I saw a thread from our country forum that they will pay about $10 for filling out a form that contains your ID and personal data, and surprisingly, a lot of people do it, even using their parents identities.
The data's are given too low money value so that we don't see it as anything important as people are claiming it to be. I see a lots of data survey companies offering between less than $1-$5 for different degrees of informations about the person and people don't care to know why they will be paying to get their data's if it's not that important.

 The data's we don't care about today in exchange for $10  can be used against us and family in the future that can cost us competitive positions in the society and other things when they get sold into the hands of a rival. People should learn to protect themselves for the future since it's unknown if what will be.
Even if that doesn't pose any risk for us or our families, the survey companies that collect personal information from us by either paying us or making promises to give us rewards and money, sell these data to other companies that pay them way more than what they pay us for the information. That is the reason why these survey companies strive to get as much information as they can because they know it's extremely valuable.

Have you ever wondered why and how we get SMS promotional messages from time to time on our personal phone numbers when we don't give our numbers to anyone? It's because the GSM companies that we get our numbers from sell these data to companies that advertise their products and services through it.
It's obvious they are making a whooping profit from the data's they get or buy from both people that are willing to sell and those they manipulate if not I see no reason what they will be spending money to pay for something that's without value to them.

About the promotional SMS you are right, there was a time I had to put a call through to one of the network service provider I am using to lay a complaint due to the excessive promotional SMS I have been receiving and all they could reply me was that if the messages ain't important to me I should ignore each time I receive any. And it's so annoying that I still receive them to this date. That was how I got an eye-opener that it's all a collaborative business.

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September 21, 2023, 05:35:32 PM
 #67


Have you ever wondered why and how we get SMS promotional messages from time to time on our personal phone numbers when we don't give our numbers to anyone? It's because the GSM companies that we get our numbers from sell these data to companies that advertise their products and services through it.

I doubt service providers give out clients phone numbers just for the sake of it. Perhaps they could do so when court ordered or a request from law enforcement.
As to how we get spammy texts, there are a lot of ways which our phone numbers could be compromised. Most times, we’re the one unknowingly or knowingly spreading our numbers all over for whoever interested to pick up. With the number of social media app and dating sites out there that’s being registered on, that also requires phone numbers for registration, it shouldn’t be surprising when we receive spammy texts.
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September 21, 2023, 05:51:44 PM
 #68

Lol we are being sold for dirt cheap while still holding a valuation that's huge compared to those who don't exist for these data collectors because they collect this data for the sole purpose of throwing their ads in front of us, letting them make hefty commissions out of our purchases. Data business is the world's biggest business and those who speak about privacy, I bet 99% of them don't even know that they're already known to various companies who are targeting them to sell their products, services and even ask for donations (NGOs).

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