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The Current powered by Kim Komando

Facebook's widening privacy scandal affects you like you never imagined possible.

The Current powered by Kim Komando

WestStar Multimedia Entertainment, Inc

News, Technology, Tech News

4.6825 Ratings

🗓️ 5 April 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

Facebook's scandal gets worse as more details emerge about how they tracked you like you never knew before. In my podcast, I talk to some of the leading technology and data breach attorneys, John Yanchunis and Steven Teppler, about what's in store for Facebook and also what we can do to protect ourselves in this age of dwindling privacy. It's become clear that your information is the currency of the 21st century. Have we lost trust in Facebook? Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The social media giant under fire after a bombshell,

0:03.0

the data analytics firm Cambridge Analytica

0:06.0

allegedly harvested the personal information

0:08.0

of 50 million unsuspecting Facebook users.

0:12.0

And you can use money to amplify whatever you believe

0:16.0

and get people to believe that what is popular is now truthful

0:21.4

and what is not popular may not be truthful.

0:24.2

Facebook's most valuable asset is how well it knows you.

0:27.7

Every post you like, every page you follow, every friend you make.

0:31.9

What we worked on at SCL and then later at Cambridge Analytica

0:36.2

was data harvesting programs where we would pull data from users of apps and all of their friend networks

0:43.3

and run that data through algorithms that could profile their personality traits and other psychological attributes.

0:49.3

Consumer internet businesses are about exploiting psychology and that is one where you want to fail fast because, you know, people are unpredictable,

0:58.0

and so we want to psychologically figure out how to manipulate you as fast as possible

1:02.0

and then give you back that dopamine hit.

1:04.0

There's an old saying that goes.

1:06.0

Trust takes years to build, seconds to break, and forever to repair.

1:11.6

When some might have learned to adjust, but it never was a matter of trust.

1:19.6

Think about it right now, this holds true for Facebook.

1:22.6

When you go onto the world's largest social network, the message is simple.

1:26.6

Sign up, it's

1:27.8

free and it always well be.

...

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