Fintech professional’s tech predictions: 8- Fake personal data.
Here is the eighth tech prediction for the next five years from a fintech contact of mine.
Previous blog posts in this series predicted: that tech firms will soon need government certificates if producing news content, some of the cyber security risks associated with smart energy meters, the risks associated with sharing data, how social media will fall under increasing government regulation, how the public will build a better understanding of privacy settings on websites, that banks will increasingly become the suppliers of banking services to the big websites, and that young people might increasingly disconnect from the connected world due to privacy fears.
This entry looks at how organisations might be forced to reduce the amount of unnecessary information customers have to give on line, as consumers fill in randon details, where permitted by the tech, to save time and protect themselves.
Fintech IT professional says: “People may increasingly provide false data online where possible in an attempt to reduce the downstream risk and nuisance caused by providing real data. For example, apps or businesses asking for a date of birth or phone number will often accept any data in the correct format and have no way to verify it. For example, a date of birth 01/01/2001 and a mobile number 00000000000. Obviously a correct email address, payment details and physical address must be provided if you shop online and want the process to work properly. Organisations will be forced by law to stop the practice of making non-essential data collection a ‘required’ field.”
Read part 1 here.
Read part 2 here.
Read part 3 here.
Read part 4 here.
Read part 5 here.
Read part 6 here.
Read part 7 here.