Saturday, July 13, 2013

Barclays bank to spy on customers via cellphone location tracking...

It’s not just governments that are using cellphone location data to spy on citizens – banks are now getting in on the act too – with Barclays announcing changes to its customer agreement that will open the door to individuals being tracked in the name of preventing fraud.

Barclays’ new customer agreement terms (PDF) – set to come into force from October 9, 2013, will also permit the bank to collect social networking data as well as using private transaction information to bombard customers with unsolicited “services and products”.

“The information we use will include location data derived from any mobile device details you have given us. This helps us protect you from fraud,” states the document.

This suggests that phone companies in Britain must have given Barclays some kind of back door access to people’s private cellphones in order to track their precise location, whether in real time or after potential fraud has been reported. Full story...

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