DAILY FINANCE– Don’t kid yourself. Real privacy no longer exists in this country.
We’ve long had government organizations collecting data that paints a pretty clear picture of what we do with our time. The Internal Revenue Service knows everything about what you earn and any major transactions you make. It can access every bit of information it needs to determine how much money you should be sending on April 15.
The most important gatherer of personal information in the country is the Federal Bureau of Investigation. It keeps a database of over 90 million fingerprints, which can be accessed by other law enforcement agencies. It also has an extensive database of DNA, the most specific marker of personal identity. The bureau’s ability to collect information expanded following the terrorist attacks of Sept. 11, 2001. It now tracks a large portion of mail, cell phone traffic and Internet activity of people it deems suspicious.
Thanks to advances in technology, however, there are also now numerous private enterprises that track and record your every move. Although they don’t usually give out this information, there are often worrisome leaks and security breaches where they inadvertently release sensitive information about their customers. Taken together, these industries have data on where you are, who you are communicating with, how you are earning your money, how you are spending that money, as well as the hobbies and interests you are pursuing.
We examined a large number of organizations to find the most intrusive firms and industries. Here they are, ranked by the number of people they track:
1) Credit Rating Agencies
With each firm having files on over 200 million people, the three credit bureaus — Equifax (EFX), Experian (EXPGY), and TransUnion — know not only your credit history, but also have the data to project your credit future. The companies collect a history of all credit use by an individual, including payment of bills, mortgages, and credit cards. The agencies also track the frequency with which a person applies for credit. That information is used to determine a person’s credit risk through a credit score. These scores are produced using secret algorithms, ensuring that the bureaus know much more about you than you know about them.
2) Cell Phone Service Providers
As cell phone popularity has increased and technology has evolved, cell phone companies have come to possess a wealth of information about their customers. Covering over 90% of the American population, cell phone providers can tell who you call, when you call, how often you call certain people and what you say in your text messages. With GPS, they also now know where you are whenever you have your phone. As smartphones become the equivalent of miniature computers, cellular companies can also track personal behavior, such as use of multimedia and wireless e-commerce transactions.
3) Social Media Companies
In its ascent to Internet superpower, social enterprise Facebook has amassed an enormous amount of user information. Who your friends are, what you like, and what photos you are in are all information that the company has access to. That, however, is not the full extent of it. Facebook also tracks which profiles you view, who you communicate with most often, companies and causes you support, your personal calendar, and a great deal of personal information about your friends and family. Perhaps most surprising, Facebook can access much of the information you may have deleted, including photos and status updates, from their servers.
See the FULL list & read more about Who Is Watching You? Nine Industries That Know Your Every Move
© 2010 Daily Finance
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