Sunday, July 15, 2018

Why does it take so long for the bank to determine what it did? Do they have no records? Does management not bother to look?
Wells Fargo Finds Even More Customers That It Overcharged
Wells Fargo keeps finding new parts of its vast banking empire that overcharged innocent customers.
On Friday, Wells Fargo disclosed it’s setting aside another $285 million to refund foreign-exchange and wealth-management clients
That’s on top of Wells Fargo’s infamous consumer scandals. The bank has already paid out rebates to customers for opening fake accounts in their names, forcing them into car insurance they didn’t need and charging them mortgage fees they didn’t deserve.




“We need to vacuum up more data!”
Walmart patents audio technology to record customers and employees
Walmart wants to listen to its workers and shoppers more. A lot more.
America’s largest retailer has patented surveillance technology that could essentially spy on cashiers and customers by collecting audio data in stores. The proposal raises questions about how recordings of conversations would be used and whether the practice would even be legal in some Walmart stores.
“This is a very bad idea,” Sam Lester, consumer privacy counsel of the Electronic Privacy Information Center in Washington, D.C., told CBS News. “If they do decide to implement this technology, the first thing we would want and expect is to know which privacy expectations are in place.”
… According to the patent filed Tuesday, the sensors would be “distributed through at least a portion of a shopping facility” and collect data that will create a “performance metric” for Walmart workers. For example, the sensors would pick up on how many items are scanned, how many bags are used, how long shoppers wait in line and how employees greet customers.




For our Business Continuity discussion.
Timing
In addition to longitude, latitude, and altitude, the Global Positioning System (GPS) provides a critical fourth dimension – time. Each GPS satellite contains multiple atomic clocks that contribute very precise time data to the GPS signals. GPS receivers decode these signals, effectively synchronizing each receiver to the atomic clocks. This enables users to determine the time to within 100 billionths of a second, without the cost of owning and operating atomic clocks.
Precise time is crucial to a variety of economic activities around the world. Communication systems, electrical power grids, and financial networks all rely on precision timing for synchronization and operational efficiency.




No similar precedent in the US?
A German court ruled you can inherit Facebook content like a letter or a diary
Germany’s highest court ruled Thursday (July 12) that the parents of a teenager who died in 2012 after being hit by a train should be allowed to access her Facebook account, including her private messages.
The court argued that digital content should be passed onto heirs like letters, books, or diaries. The girl’s parents wanted to look into her account to determine whether she committed suicide. This would also help determine whether the driver of the train should be entitled to compensation.
Over the course of the legal battle, Facebook refused to give parents access to the account to protect the privacy of the people she was connected to on the platform, the BBC reported.
Currently, Facebook’s policy is to “memorialize” an account when the site is informed of someone’s death. If a user has a “legacy contact” (here are instructions on how to set one up), Facebook grants them limited access to the user’s account, allowing them change the user’s profile picture, accept friend requests, or pin posts to the top of the user’s profile. They can also ask the platform to delete the account. Recently, Facebook told Quartz, the company revised its policy to allow parents or guardians of minors to become legacy contacts after their child has died.