Tag Archives: Dun & Bradstreet

A fair call

I have been outspoken in the past on the US Administration speaking out on things they hardly understand, more specifically the nuts and fruits division (aka US Senate and US Congress), yet this morning I got confronted with one of such calls and I find it hard to disagree. The article that I initially saw on ABC (at https://www.abc.net.au/news/2020-11-09/google-facebook-banking-senate-inquiry-fintech/12856080) where we get told ‘Senate inquiry asks whether Facebook, Google should be regulated like banks’ is the foundation of a much larger stage, and in the I find it weird that Apple is not named either. You see the quote “The inquiry — which in September handed down an interim report into other issues including regulation of buy now, pay later platforms such as Afterpay and Zip — is now examining whether it is dangerous to have large tech giants offering banking or other financial services”, is more than simply on the money, there is a whole range of services pushed and prodded towards consumers, if anything, the fact that players are faced with games like Gardenscape who continue their deceptive advertising trough games is a mere indication of how bad it could get. There is a basic level of protection that consumers are entitled to and as I personally see it they will not be getting it. 

Now, if these tech providers want to facilitate financial services whilst their services are not linked and behind a Chinese wall, isolating data and speculative insight away from the financial services it is one thing, it would level the playing field with the other providers. Yet in it current stage that setting is indeed extremely unbalanced, unbalanced towards their competitors and more important it will be unbalanced for the consumers who need a honest chance. 

So whilst we are getting treated to “Senator Bragg says our personal data has become an asset and the tech giants could be regulated so they use it fairly”, my response towards Andrew Bragg is that he is wrong, or perhaps incorrect is a much better word here, it is not regulation, it is isolation from internal and external data sources. Which means that if Banco Googly wants to extent a loan to Jack the Keyboard Hammer for a $99 new keyboard, they will have to do their own due diligence and use the methods the other banks and financial services have. That is the only way to keep level playing field. 

Now, player like Google Facebook and Apple might claim that the data link will allow cheaper loans, the might optionally be true, but when you get to the other side of the seesaw, and the seesaw is down for you, the data links might give you less options or more expensive options for the longest of times and the would not be fair. In that regard, have you ever seen ANY financial institution who set your wellbeing over their need for profit, please give me their name, because the alleged law firm known as Mandacious, Dissembling and Sneaky, who will inform you that there are leagues of financial institutions the always have your wellbeing at heart, all whilst you know that there are none that actually do. 

So, yes, I do believe the these tech giant have a much larger drive to own more and more money and there is nothing wrong with the, but they are doing it with a massive unfair advantage leaving banks with the empty jar of watered down milk as tech giants get to skim the cream of every milk delivery, it would be an unfair advantage, with larger implications when they start connecting financial data to the data the they already have, it would be a stage where we get a larger segregation of those who have versus those who have not. A stage that Dutch Journalist and tech savvy person Luc Sala warned us all against in the late 80’s, so 30 years ago he saw this level of segregation through technology, and when did personal segregation EVER have positive consequences? Ask the African Americans, the US Latino’s, optionally Native American Indians. Ask them what positive result they saw from segregation. Oh, and by the way good luck getting out of the room alive when you ask. 

Yet there is a larger stage the Google, Apple and Facebook will face and they already have the larger pieces in place to avoid them, as such regulation does not solve anything, it merely gives rise to legal loopholes, as I personally see it, the segregation of those services is the only decently clean and complete stage the void a lot of traps (most of them, not all), there is a larger stage where Google, Apple, Facebook and Amazon (yup they are in it too) can set the stage of offering testing data, but the should only be allowed if that data is open to all financial institutions and for the same price. You see, they are not alone, that field has has layers like Equifax, TransUnion, Dun & Bradstreet, LexisNexis and a few more, as such there is a stage where their data has more unequal benefits, which is interesting, the article never mentioned them, so whilst some are amazed by people like Andrew Bragg and their PowerPoint voice, yet the data keepers the re out in the field now are not on the ticket here, it seems weird as they have been around and their impact is not to be ignored, so why did Andrew Bragg miss that? 

And the final quote is “Senator Bragg calls it a “game changer”, although critics have pointed out that without careful consideration, it could have serious privacy implications, among other concerns”, so what is his game, when we see ‘serious privacy implications’, I merely wonder who is buttering his bread, because the few I mentioned have a much larger impact, one the is never to be ignored and they have been involved in the financial industry almost forever setting the bar of allowed data versus insincere, or unjust data, a term that should have been in the article as well. You see the unequal field is created by some having more data as well as second degree data. Second degree, or secondary data is where it is at. We can consider that Secondary data refers to data, collected by someone other than the user. Yet what is the case is that these sources of secondary data is often collected for other means and other settings, like social science which includes censuses, information collected by government ad commercial departments for other means; organisational records and data that was originally collected for other research purposes, research purposes that are now reused without the users knowledge. And that is beside the station that some of this data is cleaned badly, and often linked to settings the are no longer relevant, yet they are there connected to a user setting an unrealistic view and optionally ignoring the setting that the created debt is false. The person will soon learn the he/she cannot pay it back, or it is rated as just that little more expensive. 

All stations that players like Experian and Dunn & Bradstreet arm against, for their needs as well as the good of the people. These tech giants are nowhere near the level of clean (and optionally corrected) data. As such there is a fair call to disallow these tech giants their Fintech arm, unless it is completely isolated from their other business arms.

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When we are merely given a paragraph

It happens, we get offered a paragraph and for some reason we wake up, we think: ‘That’s nice! Tell me more!‘ It can be for the strangest and least connected reasons out there. No matter that the push or the reason, we only get that one paragraph and are left hanging. That feeling came right off the bat when ABC gave me ‘ASIO warns of ‘hostile intelligence services’ using social media in annual report‘ (at https://www.abc.net.au/news/2019-10-17/asio-warns-of-hostile-intelligence-services-on-social-media/11609726) a day ago. Now, let’s be fair, ASIO is not really the one to play games of open communication, as its employees and governing staff were educated by the people of Sneaky, Peeping and Backstabbing incorporated, they have other markers to work with. As such as I was fed ““hostile intelligence services” using social media to target people across business and government“, which basically is a continuation (to some degree) of the quote we saw at ABC in July 2017 when we were given “help Australian security agencies get access to encrypted messages from suspected terrorists and other criminals“, in itself not an issue one would think, and there is exactly the problem, one did not think. I made references to private chat groups in Social media and extremism before 2016, just nice to know that someone gets around and wakes up every now and then. Or as I would phrase it as ‘What else is new?‘, Yet as Jade MacMillan takes us by the hand in this ABC article, we see: “A report in the New York Times earlier this year claimed China was using LinkedIn to try to recruit foreign spies“, again we go with the ‘What else is new?‘. There is nothing new under the sun as MI-6, CIA, DGSE and optionally ASIS have been using that very same tool to get information. The honey traps, the enticement parties and the stage where you are a winner, the tricks are as old as the very first sign stating: ‘Authorised Personally Only‘. In this the larger issue is avoided, you see financial entrepreneurs have been using these paths to gain information on how to find people with debts and some of them have (allegedly) been reporting those people to international whisper divisions, so that a deal could be struck. So whilst some look for foreign agents, they all ignore the debt collectors mining every bit of social media to gain a momentary advantage to collect on one debt and gain another bonus, and those people will always look for investors, especially investors that have a fluidic opinion of ethics and how to be working towards rewards.

It all comes across as silly and as mindless as “Attorney-General George Brandis said encryption was potentially the “greatest degradation of intelligence and law enforcement capability” in a lifetime“, he could not put gamers in a proper dimensional view, so why would he get this right? It is an easy enough question and there is a link. There was a reason why Facebook suspended and ended all group chat options (there were a few actually), they were off course way late, now that Lone wolves and others have found new means to get this started, they need to be more careful, but the state remains. Mining is the only way to do this and you need resources for that, as well as proper staff who comprehend data and not let some silly deep learning algorithm fix it. For example, consider that a facilitator created an auto fill chat system; it has 250,000 lines an hour, whilst the system has one anchor word, a word you can select. So as we see the chat go through, we make no sense on it, yet the users have set the word ‘الدراجين’ (meaning ‘riders’) even as the initial part makes no sense

WE now get:

يتيح للجميع وقتا طيبا والحزب

الهذيان الكبير في واحة في منتصف الليل

جميع الدراجين سباق اليوم

معلومات السباق في اللعبة

تسجيل جميع الدراجين بعد صلاة الفجر

يجب أن المؤمنين اقتبس مرور البقر

جميع الدراجين يعرفون أن السيارة مائة مؤهلة

 

Even in this setting the programming cannot make sense, and unless you knew that ‘riders’ was the operative word good luck in finding what comes next. a system like this has been in place for years, now there are dedicated programs, yet in the past there were 4-6 in a group of 100, so those 4 guest gamers would not be noticed and by the time someone woke up, it was already too late, the meeting was over and more secure conversations had taken place, this system worked global and now that Facebook chat groups are a thing of the past other means are used for all kinds of groups to find a way to pass a message along.

We get it, the employees of Sneaky, Peeping and Backstabbing incorporated are not supposed to put it in the open, yet the annual report seemingly ignores one part. Instead of having a dozen systems creating a small solution, we need to find the agencies actually working together to avert “ASIO has limited scope to redirect internal resources to address the increasing gap between demand for our counterespionage and foreign interference advice and our ability to furnish this assistance” and partially find a solution that will take care of the extremists, the organised crackpots and the corporate facilitators, if you do not consider the third group to be important, then you have remained asleep for far too long at the wheel.

So when I mentioned Brandis (never the sharpest tool in my personal opinion) we might consider the 2017 event and the quote: “If the laws are passed and technology companies comply, they could help with investigations into paedophile networks, major organised crime or terrorism”, the man is transparent as glass as he hid in the past behind ‘violent gamers’ and now he uses ‘paedophile networks’. Yet the larger issue not seen here are financial services, there is no oversight and there is no telling what an approached debt collector could find out without setting of ANY red flags. And that is with the players who are on the up and up and playing a proper game taking all the proper guidelines and consumer protection laws as noticed and complied with, this wild west group has a truckload of groups all willing to do what it takes to get the score and a foreign player is a stakeholder in finding needs. That group has been able to remain off the books for at least 2 years. They all seemingly forgot that places like Experian, Equifax, Dun & Bradstreet, have their own customer base and who checked out those credentials?

Yes, we can agree that the entire matter is too large for ASIO to deal with, but there is also the flaw that the scope of what they face is not dimensionalised in the proper fashion, it is openly misrepresented and that is optionally acceptable, as long as they know what they face in-house.

And it is not a rocket science deal; the FBI, MI5, BRGE, AIVD, MAD (yes that is the acronym for the German Intelligence Services) and the FSB all deal with these issues. OK, these players will not be calling the FSB but you get the idea. There are players that are about data and proper intelligence mining (Palantir Technologies), yet the field needs to widen but in another direction. If this is Business Intelligence then Palantir is SAS, whilst we need a more IBM statistics and IBM Modeller based solution rolled out, we do not need a solution that fits all, we need to feed clusters of investigators with power tools that allow them to surf data and mine activities to a much larger degree. We need to set server milestones with collected raw data that different clusters can attack. The intelligence branches have wanted to do it the wrong way around for too long (often pressured by wannabe politicians), what we need is a treasure trove of data that all players can have a go at and actually report findings. We create almost 3 Exabyte of data every day, and we need to find 1% of 1% in that, whilst all this happens before 5G, it is about to become 20 times worse and they cannot even handle what is out there now.

All whilst we know that the 1% of 1% remains a group of 98% which is merely misdemeanours playing around, as such we need to change the premise towards collected data, that is what we face at present so the entire matter of “greater awareness among our stakeholders of that threat — has increased demand for our advice and support”, which is misrepresentation in its own right. The stakeholders have their own needs and their own game to play. Consider the IP needs of Telstra (Australia), the Inside protection and mandates of Novartis (Pharmaceuticals), Insider trading on HSBC (Banking) and their needs are their financial protection needs and in this fearless leader Duncan Lewis (ASIO) has to optionally look out for the needs of Telstra (as some claim that hat Telstra needs, Australia needs) whilst hunting those wanting to harm Australians, in this the Stakeholders are more about the revenue and debatable a source of good (they allegedly merely want their bonus safe), as such we should optionally wonder about the needs of the stakeholders and the difference about their claim and their needs.

So whilst we see another batch of mobile swipe and pay solutions being rolled out whilst there are a few concerns on how that data is processed all over the world, we forget that those out to harm national needs are also out looking into all those apps and finding out that for the largest extent the IMEI number of any smartphone is a much easier anchor to work with and mapping the usage also gives a larger content on data and where the target might be, yet most forgot about how the old is still beneath the new, did they not? So even as we consider the title ‘ASIO warns of ‘hostile intelligence services’ using social media in annual report‘, we need to consider that ‘hostile intelligence services‘ is merely part of a much larger problem and that those services use all kinds of methods that the local knights of the round facilitating table (FBI, MI5, BRGE, AIVD, and MAD) are still not looking at (as far as I can tell).

In all this we were merely given a paragraph and whilst people wonder how to find resources, the matter on how to properly apply those resources so that they can have an impact was left off the table, and that was actually the delicious cream that should have graced the Strawberries, or are those Blackberries? I’ll let you work on that little last line conundrum yourself this weekend.

So have a nice day and let’s not forget that the weekend ends in 48 hours! #JustSaying

 

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