Financial Conduct Authority: No need to look any closer at insurers’ use of Big Data The Financial Conduct Authority has said there’s no need to launch a full market study into insurers’ use of big data, despite concerns that insurers' could be using to charge consumers more. Following a call for inputs last year on the use of data and analytics in home and motor insurance, which returned 27 written responses …
How can insurance companies' use of your social media data (which seems rather intrusive) meet the data protection requirement that data must be fairly obtained?
How intrusive can they be when demanding disclosure?
Or will they just add a big "log in with Facebook" button to their sites and grab everything that way?
Of course that depends on how much you can rely on what people say on social media being true.
Normally I lie through my back hole just on principle.
This might (but only might) be the thing that teaches the non super user (IE the vast majority of users who use the "stuff" but have no real IT knowledge) that maybe they might like to ye know watch what they post a bit, perhaps?
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