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Heaven or Hell?Internet giant Facebook data privacy leaks arise great worries

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The sudden outbreak of the COVID-19 pandemic has cast a shadow over the world, landing a devastating blow to the global economy. But it has brought great opportunities for the development of the cyber economy as well. Confined to their homes, many people had to rely on the Internet for their daily work and social activities. The information technology industry has boomed at an exponential speed. For the first quarter of 2021, Facebook’s earnings per share (EPS) came to $3.30 per share, surpassing the expected $2.37 per share (a year-on-year increase of 93%). Revenue for the same period exceeded the estimated $23.67 billion. Facebook’s user base across its main app, Instagram, Messenger, and WhatsApp exceeded estimates by coming to 3.45 billion monthly active people in the quarter, a year-over-year increase of 15%. However, just as its scale continues to grow, subsequent data privacy and data security problems have become more salient and serious than ever before.

 In July 2021, a new book revealed that Facebook fired 52 people from 2014 to August 2015 over abusing access to user data. According to the book, one employee used data to find a woman he was traveling with who had left him after a fight. Many users suspect that some of the harassing text messages they usually receive also originate from Facebook’s data leakage. Although Facebook fired 52 bad employees, but I wonder if there are still some fish in the net besides these 52 people? Nor do we know if such a breach has been fixed? The scary thing is that this is not the first time Facebook has made a mistake.

Just three months ago, a CNN report said that a user on a low-access hacking forum posted hundreds of millions of users’ personal data on social media for free. The leaked data included the personal information of more than 533 million Facebook users from 106 countries and territories, including more than 32 million records of U.S. users, 11 million records of U.K. users and 6 million records of Indian users. The data includes users’ phone numbers, Facebook IDs, full names, locations, dates of birth, bios, and some users’ email addresses. The media verified the authenticity of this information through a random sample. Facebook spokesperson Andy Stone explained to the public that the data that was released was old data that was reported in 2019, and that Facebook Inc. discovered and has fixed the breach that led to the data breach in August 2019.

But what’s the point of fixing the vulnerability? A large amount of private personal information was already in the hands of bad actors who could trade the data on the black market at will, and Facebook did not actively control the spread of the leaked data. Why didn’t they notify the users whose information was leaked in the first place, why didn’t they buy out the data in the first place, and would Facebook compensate them if the information was used by hackers and cyber criminals for identity theft and fraud and other illegal acts?

In fact, Facebook’s problems go far beyond this. Back in September 2015, the British consulting firm Cambridge Analytica obtained 87 million personal Facebook user profiles without Facebook users’ consent through a Facebook app called “This is Your Digital Life,” and the main use of the data was for political advertising. Cambridge Analytica directly interfered with the fairness of the 2016 presidential election by analyzing this data for the 2016 presidential election campaign. The Federal Trade Commission fined Facebook $5 billion in 2019, an amount that’s just too low! For a trillion-dollar company that leaked the data of 500 million people to pay a fine of only $5 billion, which is equivalent to each person’s private information worth only $10, which in the eyes of businessmen may not be a very good deal.

Facebook is the Internet social media field deservedly giant, no one application can compete with it, based on this, he can dispose of the company’s business and user data at will, the government and the public do not have the courage to say “no” to it. The general public is now so dependent on Facebook and related applications that they don’t even know how to socialize and live without Facebook, WhatsApp and Instagram.

However, we must recognize that Facebook, the Internet giant, has brought great uncertainty and risk to the protection of people’s privacy all over the world while its business is expanding rapidly, because it is like replacing the walls of a room with transparent glass for us, making people feel that we are not surfing on the Internet, but running naked on the Internet, while Facebook only cares about making money. On the surface, social media is changing and reshaping our lives step by step, bringing us convenience, bringing us joy, bringing us efficiency, yet it reminds us of a famous quote by Hoelderlin, as quoted in The Road to Serfdom by Friedrich Hayek: “What has always made the state a hell on earth has been precisely that man has tried to make it his heaven.”

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Electric Guitar prepares to disrupt digital marketing sector through RTO of 3radical and AIM listing

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–News Direct–

Electric Guitar PLC (LSE:ELEG) CEO John Regan joins Proactive's Stephen Gunnion with details of the company's pending a quotation on London's AIM through a reverse takeover over (RTO) of 3radical Limited.

Regan discussed how the company aims to capitalise on structural disruption in the marketing industry driven by privacy laws, AI, and consumer expectations for personalization.

He elaborated on the RTO of 3radical and how it aligns with Electric Guitar's vision of leveraging first-party data for more effective marketing.

3radical has created and proven a Software as a Service platform, 3radical Voco, which enables organisations to engage individuals and request their data directly using progressive and interactive digital experiences, at scale. This data can be critical for marketing and for providing a compelling customer experience, optimising communications, designing products and services and, ultimately, driving revenues.

Regan said the company's strategy will continue to be to capitalise on structural disruption in the marketing industry through additional acquisitions.

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Proactive UK

Proactive UK

+44 20 7989 0813

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/electric-guitar-prepares-to-disrupt-digital-marketing-sector-through-rto-of-3radical-and-aim-listing-988193786

Electric Guitar PLC

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Adriatic Metals discusses transition to mining operator of Rupice Mine at Vares project

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Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) chief executive Paul Cronin tells Proactive's Stephen Gunnion the company has commenced the transition process to take over as the mining operator as it boosts productivity and sustainability at the Rupice Mine in Bosnia & and Herzegovina.

Following an Accelerated Development Action Plan (ADAP), Cronin said is taking operational control over the mine from Nova Mining and Construction, after acquiring equipment and inventory worth approximately $11 million. This strategic shift allows Adriatic Metals to directly manage and develop its local workforce and optimise cost by integrating local suppliers into its supply chain.

Additionally, the company has implemented new technologies and enhanced health and safety measures under the ADAP, aiming at reducing operational incidents and environmental impacts.

To support these changes, Adriatic Metals has secured a $25 million short-term loan facility from Orion Mining Fund for additional working capital. These steps are part of a broader effort to improve efficiency and position the mine as a catalyst for local economic development.

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Proactive UK Ltd

+44 20 7989 0813

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/adriatic-metals-discusses-transition-to-mining-operator-of-rupice-mine-at-vares-project-526465607

Adriatic Metals PLC

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Element Glass South East Queensland: Family-Run Gold Coast Glazier Company Prioritises Pool Safety Without Compromising on Style & Elegance

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Australia, 22nd Apr 2024, King NewsWireGold Coast based — Element Glass South East Queensland, a family-run glazier company, is making waves in the glazing industry by offering high-quality, stylish solutions with a strong focus on safety. Specialising in frameless shower screens, pool fencing, and balustrades, the company ensures homes and businesses receive the best in craftsmanship and customer service.

At Element Glass, safety is at the heart of their operations, especially when it comes to pool environments. Australian regulations require pools deeper than 30cm to be registered and fenced according to strict safety standards including pool fencing heights that meet safety regulations to prevent climbing or accidents. This is topped off by the use of functional gate latches, and self-closing gates with valid safety certificates.

Safety and elegance are our top priorities,” says CEO Vincent Gordon. “Our family-run business specialises in frameless shower screens, pool fencing, and balustrades. As parents ourselves, we understand the importance of keeping children safe around pools and are dedicated to providing solutions that offer peace of mind without compromising on style.

Frameless glass, particularly in pool fencing and shower screens, is a stylish and functional choice for homeowners seeking both safety and elegance,” adds Gordon. “At Element Glass SEQ, we offer an all-in-one solution, sourcing high-quality glass and providing expert installation, eliminating the need for multiple trades. Our service ensures your home is enhanced with a modern and sophisticated touch.

Founded by husband and wife duo Vincent and Elly, Element Glass SEQ is based in the Gold Coast and serves the South East Queensland region including Brisbane. The company is dedicated to providing quality, craftsmanship, and excellent customer service. With a focus on safety and style, the team plans to continue expanding its services to meet the evolving needs of its clients.

For more information on their services, please visit:

About Element Glass SEQ:

Element Glass SEQ is a family-run glazing company based in Gold Coast, servicing Southeast Queensland and Brisbane. Founded by husband and wife duo Vincent and Elly, the company specialises in frameless shower screens, pool fencing, and balustrades. Quality, safety and customer service are their biggest priorities as the team are committed to delivering top-notch glazing solutions for homes and businesses alike.

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Organization: Element Glass SEQ

Contact Person: Vincent Gordon

Website: https://www.elementglassseq.com.au/

Email: Send Email

Contact Number: +61487257256

Country: Australia

Release Id: 22042411299

The post Element Glass South East Queensland: Family-Run Gold Coast Glazier Company Prioritises Pool Safety Without Compromising on Style & Elegance appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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