DATA MINING

Data laws a win for bank customers

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Original article by Supratim Adhikari, Joyce Moullakis
The Australian – Page: 20 : 2-Aug-19

Australian Banking Association CEO Anna Bligh says open banking will boost competition and will be good for bank customers. Open banking becomes possible following the passage of the federal government’s Consumer Data Right legislation, which will make it easier for customers to change financial institutions. MoneyPlace CEO Stuart Stoyan says open banking will lead to the elimination of poor products and services, and that the big banks will actually be one of its biggest beneficiaries, despite their misgivings about the open banking reforms.

CORPORATES
AUSTRALIAN BANKING ASSOCIATION, MONEYPLACE PTY LTD

Banks on right track with open banking, says APRA chairman Byres

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Original article by James Eyers
The Australian Financial Review – Page: 17 : 25-Feb-19

Australian Prudential Regulation Authority chairman Wayne Byres says the nation’s banks are working hard to meet the schedule for implementing the open banking regime. The first phase of open banking, part of the federal government’s consumer data right program, takes effect on 1 July. Byres told a Senate committee hearing on 21 February that the banks are concerned about greater information security risks as a result of open banking being introduced, as well as the use of derived data, which he says they regard as their intellectual property.

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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIAN LABOR PARTY, AUSTRALIAN BANKING ASSOCIATION

Over 90% of Australians lack understanding of how leading apps use data

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Original article by Roy Morgan
Market Research Update – Page: Online : 16-Jul-18

Roy Morgan’s privacy survey has found that more than 90% of Australians aged 14+ are either "not sure" or only "somewhat understand" how several leading apps use and/or share their data. This includes 94.6% of Australians who use Apple apps, 94.3% of Twitter users, 94.0% of Instagram users and 93.7% of Snapchat users. The findings are based on interviews with a representative sample of 967 Australians drawn from Roy Morgan’s Single Source panel. Roy Morgan CEO Michele Levine says that despite the concerns raised about the potential misuse of personal data, only a tiny minority of Australians (between 5-10%) believe they "fully understand" how companies such as Apple, Twitter, Facebook, Snapchat and Google use and/or share their personal data.

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ROY MORGAN LIMITED, APPLE INCORPORATED, TWITTER INCORPORATED, INSTAGRAM LLC, SNAPCHAT INCORPORATED, MESSENGER, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

MPs warn Facebook over China

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Original article by Simon Benson, Darren Davidson
The Australian – Page: 1 & 6 : 7-Jun-18

Social media giant Facebook is under scrutiny over revelations that its users’ personal data was shared with Chinese technology company Huawei. Labor MP Anthony Byrne has described Facebook’s actions as "completely unacceptable". The deputy chairman of federal parliament’s joint committee on intelligence and security has also raised the possibility that Facebook CEO Mark Zuckerberg could be asked to appear before the committee. Zuckerberg has previously appeared before US and European legislators in the wake of the Cambridge Analytica data breach scandal.

CORPORATES
FACEBOOK INCORPORATED, HUAWEI TECHNOLOGIES COMPANY LIMITED, AUSTRALIA. JOINT PARLIAMENTARY COMMITTEE ON INTELLIGENCE AND SECURITY, AUSTRALIAN LABOR PARTY, CAMBRIDGE ANALYTICA LLC, LENOVO GROUP LIMITED, OPPO ELECTRONICS CORPORATION, TCL CORPORATION, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, COMMUNIST PARTY (CHINA), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, GOOGLE INCORPORATED, APPLE INCORPORATED

Facebook’s reckoning is fast approaching

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Original article by John McDuling
The Age – Page: 20 : 6-Apr-18

Despite the recent data breach controversy involving Cambridge Analytica, Facebook boss Mark Zuckerberg still believes that he is the right person to run the social media company, while he does not seem to think the scandal has affected Facebook’s advertising business to any great extent. Zuckerberg will shortly testify before the US Congress, and Facebook’s executives in Australia are also likely to face scrutiny given that more that 300,000 local users may have been affected by the scandal. Facebook is also the subject of investigations by the Australian Competition & Consumer Commission and the Federal Privacy Commissioner.

CORPORATES
FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC, AUSTRALIA. OFFICE OF THE FEDERAL PRIVACY COMMISSIONER, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED

Calls for action on Facebook data privacy

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Original article by Tom McIlroy
The Australian Financial Review – Page: 4 : 22-Mar-18

The Australians Greens have sought support in the Senate for a motion which would require all political parties to reveal whether they had supplied any government data to Cambridge Analytica. Meanwhile, Communications Minister Mitch Fifield says laws regarding copyright and online activity need to be constantly reviewed in the wake of the Cambridge Analytica scandal. Lawyer George Newhouse notes that Australians do not have a constitutional right to privacy, and the position regarding a common law right to privacy is unclear.

CORPORATES
CAMBRIDGE ANALYTICA LLC, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, FACEBOOK INCORPORATED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT