Big Tech data harvesting comes under fire by world central bank group
A paper published by the world’s main central bank umbrella group, the BIS, has called for individuals and firms to be given more control over the data collected on them by social media and other Big Tech firms and banks.
The BIS’s role as hub for top central banks underscores just how broad-based the clamour for stricter data rules now spreads.
The paper said data subjects also lose out because their information often becomes locked in firms’ silos or platforms after using an app, website or service.
Source: Big Tech data harvesting comes under fire by world central bank group | Reuters
