The World's Largest Hedge Fund Is Building an Algorithmic Model of Its Founder's Brain - "Mr. Dalio has the highest stratum score at Bridgewater, and the firm has told employees he has one of the highest in the world. Likewise, Bridgewater's software judges Mr. Dalio the firm's most 'believable' employee in matters such as investing and leadership, which means his opinions carry more weight. Mr. Dalio is always in search of new data with which to measure his staff. He once raised the idea of using head bands to track people's brain waves, according to one former employee. The idea wasn't adopted." [more inside]
How big data increases inequality and threatens democracy - "A former academic mathematician and ex-hedge fund quant exposes flaws in how information is used to assess everything from creditworthiness to policing tactics, with results that cause damage both financially and to the fabric of society. Programmed biases and a lack of feedback are among the concerns behind the clever and apt title of Cathy O'Neil's book: Weapons of Math Destruction." [more inside]
World After Capital by Albert Wenger [Work in Progress; GitHub; GitBook; PDF; FAQ] - "Technological progress has shifted scarcity for humanity. When we were foragers, food was scarce. During the agrarian age, it was land. Following the industrial revolution, capital became scarce. With digital technologies scarcity is shifting from capital to attention. World After Capital suggests ways to expand economic, informational and psychological freedom to go from an industrial to a knowledge society." (previously)
Does your lifestyle prevent you from qualifying for insurance discounts? Do you lack sufficient time for exercise or have limited access to sports facilities? Maybe you just want to keep your personal data private without having to pay higher insurance premiums for the privilege? Unfit Bits provides solutions. Check out their website for more
China rates its own citizens - including online behaviour: "The Chinese government is currently implementing a nationwide electronic system, called the Social Credit System, attributing to each of its 1,3 billion citizens a score for his or her behavior. The system will be based on various criteria, ranging from financial credibility and criminal record to social media behavior. From 2020 onwards each adult citizen should, besides his identity card, have such a credit code." [more inside]
Patients should be allowed to access data generated by implanted devices. After losing his health insurance, Hugo Campos has written an article detailing his frustrations with self-care: "I can’t access the data generated by my implanted defibrillator. That’s absurd."
JPMorgan Chase Says More Than 76 Million Accounts Compromised in Cyberattack [New York Times]
"The breach is among the largest corporate hacks, and the latest revelations vastly dwarf earlier estimates that hackers had gained access to roughly 1 million customer accounts."
“But what shall we dream of when everything becomes visible?” Virilio replies: “We’ll dream of being blind."
Care data is an ambitious attempt to use data to improve the care of patients in the UK. It uses the scale of the NHS dataset to give epidemiologists and medically researchers access to large datasets to improve research. And now it's been thrown into disarray by the responsible body selling the information to insurance companies and even more .... [more inside]
You don’t want your privacy: Disney and the meat space data race
The bands are even uniquely colored and monogrammed with your family members’ names so that they won’t get switched up. Why? Because they don’t want their database to get confused and think that you, a 45-year-old man, rode the teacups instead of your little son Timmy. This is one of the first examples I’ve seen of physical design (e.g., monogramming and coloring) for the sake of digital data purity.
If ever there was a testimony to the importance big data has achieved in business it’s this: We will now shape our physical world to create better streams of digital information.
E.U. Data Protection Directive has many proposed amendments that MEPs cut and pasted directly from American right-wing lobbyists group and ALEC member the U.S. Chamber of Commerce (previously). [more inside]
These Are The Prices AT&T, Verizon and Sprint Charge For Cellphone Wiretaps. After a flurry of public records requests to over 200 police departments, the ACLU has obtained a trove of documents detailing police tracking of cell phone location, call logs and more, including a price list for subscriber information from every major US carrier. [more inside]
All I want is to be left alone in my average home... But why do I always feel I'm in the twilight zone?
In August 2011, 35 ACLU affiliates filed 381 requests in 32 states with local law enforcement agencies seeking to uncover when, why and how they are using cell phone location data to track Americans. So how long do American cell phone carriers retain information about your calls, text messages, and data use? According to data gathered by the US Department of Justice, it can be as little as a few days or up to seven years, depending on your provider. (Via / More)
Our results open a fascinating new direction for position-based security in cryptography where security of protocols is solely based on the laws of physics and proofs of security do not require any pre-existing infrastructure.
It's been estimated that the average UK adult is now registered on more than 700 databases and is caught many times each day by nearly five million CCTV cameras. So how hard would it be for an average citizen to disappear completely? That’s the subject of a new documentary film: Erasing David, (Trailer: YouTube, Vimeo) which premieres this evening in the UK on More4. It's also now available worldwide online at the iTunes store and through several Video On Demand services, as well as through Good Screenings. [more inside]
This morning, Google launched a new feature called "Google Dashboard" that lets users view (and in some cases control,) what data is being stored on a range of more than 20 Google services, including Gmail, Calendar, Docs, Web History, Orkut, YouTube, Picasa, Talk, Reader, Alerts and Latitude. [more inside]
AOL releases 3-months of queries from 500k users. AOL, either fairly or unfairly, is sometimes considered the internet with training wheels. So while parsing this data, keep that in mind. Some of these queries seem like spam email subjects, don't they? Don't forget, this is the same demographic that brought you the September that didn't end. AOL tried to retract the data, but it's of no use - it's out there, on the web.
FTC imposes $10M fine against ChoicePoint for data breach The U.S. Federal Trade Commission has fined ChoicePoint $10 million for a data breach that allowed identity thieves posing as legitimate businesses to steal social security numbers, credit reports, and other data from nearly 140,000 people. This is the largest fine ever levied by the FTC. ChoicePoint also has to set up a 'trust fund' for people victimized by identity thieves. From the article: 'As part of its agreement with the FTC, ChoicePoint will also have to submit to comprehensive security audits every two years for the next 20 years.'" BusinessWeek has additional info. Perhaps there might be hope for individual privacy after all. Let's all keep our fingers crossed.
LossofPrivacyFilter: 1) Patriot Act Expansion Bill Approved in Secret, which now provides a new ‘administrative subpoena’ authority (that) would let the FBI write and approve its own search orders for intelligence investigations, without prior judicial approval. ...Flying in the face of the Fourth Amendment, this power would let agents seize personal records from medical facilities, libraries, hotels, gun dealers, banks and any other businesses without any specific facts connecting those records to any criminal activity or a foreign agent. ..., and from the Justice Department: 2) Most health care employees can't be prosecuted for stealing personal data, and finally, 3) Citibank admits losing 4 million customer files.
These 3 examples all within the past few days--any others i missed?
These 3 examples all within the past few days--any others i missed?