Page 31 - Consumer Data News Today

>> kasie, thank you for your reporting on this. that vote will be this afternoon we expect. all right. harsh assessment of the credit indicatings agency equifax and its behavior before and after that huge consumer data breach. that breach exposed social security numbers and more of nearly 150 million americans who dont have a choice by wait about whether or not equifax or any credit ratings agency has their data. earlier today the chief executive of equifax answered questions about that breach...

Knowledge had it not been for one of cambridges former employees blowing the whistle in march 2016. >> i think it is really important for americans to know what this company has been doing with data and really important i think to find out was this data used to help elect donald trump. >> although there is no evidence that the facebook data did help elect president trump. his leaks made headlines around the world and exposed facebook to renewed criticism. >> they have not put in the kind of infr...

One of cambridges former employees blowing the whistle in march 2016. >> i think it is really important for americans to know what this company has been doing with data and really important i think to find out was this data used to help elect donald trump. >> although there is no evidence that the facebook data did help elect president trump. his leaks made headlines around the world and exposed facebook to renewed criticism. >> they have not put in the kind of infrastructure necessary to actual...

It published 250 pages of internal documents from the company yesterday, many of those emails between zuckerberg and his staff and in this old correspondence back to 2012 he debates the value of sharing commercial data but assures it hasnt been sold and facebook promised not to charge users. it has tried to find other ways to make money. this does raise questions again about the ethics of facebook and questions about where information really does end up. >> bill: thank you, kitty, from london to...

Zuckerberg that appear to show the company discussing the commercial use of this personal data. now, in these internal company emails mark zuckerberg appears to consider the business benefits of allowing other developers access to consumer data. as we know in the past this data has been used by a a company called cambridge analytica and yesterday mark zuckerberg responded saying he didnt want to publish the emails to represent the company and wanted to reassure users they were working to prevent...

Do you make any changes in the wake of the recent selling? >> i say absolutely not. but the biggest thing is do not -- do not stop investing. do not try to pick tops and bottoms. let your 401k do that naturally. keep putting the money in. >> sandra: great to have you. thank you. >> bill: 1200 points in two days. that will get your attention. thank you, charles. see you at 2:00 this afternoon. facebook reportedly giving advertisers special treatment. thats the report. the british parliament relea...

Going to try to get some answers out of facebook ceo to some very tough questions. >> and politicians like to grandstand, make a scene and people who testify before them, they have to be prepared for that. just the way it is. our laurie seegal reports that one thing that zuckerberg plans to say is to defend the facebook model and say it is a common misconception that the company sells user data. that seems like he may be parsing language right there. because we all know that advertisers like to ...

Consumers, theres limited things that theyre able to do to protect themselves. what we have to see going forward is these organizations protecting their networks to stop these attacks from occurring. theres something we call dwell time, which means the time the actor gets on the network until the time theyre able to get off or theyre detected. a year is too long. organizations need to be much more aggressive in patrolling their networks because theyve got to protect consumer data. >> now, let me...

That, i couldnt think of an interview she gave not tied to earnings or one of the books shes written. you are sitting there in the bay, what accounts for that kind of the cultural change where you have ceo of the biggest companies in the world, coo in her case and not willing to engage with the public in the way that companies in the past might have. >> i just think it is incredibly disappointing. ive known her for a long time and i admire her and this is a situation where having gained all of t...

Facebook has lost about $100 billion in market value in the past ten days. facebook shares as i mentioned fell again today. deidra bolton has this news. deidra, its all down. what next? >> its all down, shep. thats one of the reasons the stock is under so much pressure today, for the week. the ftc, you just mentioned, telling facebook listen, you have to come down to see mark zuckerberg. we need another conversation. this is the second at-bat for mark zuckerberg with the ftc. one of the ftcs job...