Stanford CIS

Sharing your location with your bank seems creepy, but it's useful

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"Albert Gidari, the director of privacy for the Center for Internet & Society at Stanford Law School, agreed that most of the bank's efforts with geolocation are “innocuous.”

But he added that the always-on function seems excessive. After all, is calling your bank to tell them you're traveling that much of an inconvenience?

“If this is just for the occasional trip abroad, well, that's a lot of continuous data flow for very little benefit to the user,” Gidari said. “Perhaps they are discarding the location information otherwise - hard for me to see the business case here unless you are trying to build a location profile of your customer base.”"

Published in: Press , Location Tracking , Privacy