Wednesday, October 12, 2011

5

A few days ago I read an article that discussed the process in which banks profile their current and future customers in order to prevent undesirable situations in where a customer defaults. They found it easy to use the internet to learn what they need to know about a customer. Maybe a customer just walked from a house; that would be information that a bank would like to know. It is because many facebook users post information like this on the internet that bank are beginning to search the web in order to better profile their customers. Do you think this is creepy? Because it isn't. If you don't want someone to know, do not post it. If you only want your friends to know, use the privacy settings. Did you post something you wish you hadn't? Delete it.

Also, advertisement can be arrangement to cater to people that post specific statuses. If someone talks about how they just defaulted on a credit card payment then they will not receive credit card advertisements on their media page.

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