Marilyn Cole: Lessons in data from Facebook

Think beyond GDPR

clock • 5 min read

The outcry currently surrounding Facebook and its use of data has important lessons for financial advisers and other financial services businesses, argues Marilyn Cole

If you really want to understand just what might be at stake in recent revelations about personal data, try speaking to someone who has decided to close down their Facebook account. Not someone who has decided to deactivate their Facebook profile, which leaves the data with the firm, but someone who has decided to shut things down completely. Once you are committed to that process, Facebook invites you to download your data - and it is at this point that sparks really start to fly. We are already hearing an outcry from people who are confronted with just how much information the compa...

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