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.
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