Topic: for anyone interested in how much their personal data is worth - page 4. (Read 602 times)

I remember being so curious as to how different sites and apps are able to know what I'm doing online and what I'm currently interested in as they give accurate advertisements and recommendations every time. Thanks to one of my professors back in college, that's when I found out that businesses collect and sell our data. And seeing OP's post now, it seems like they are getting a lot from it. Hence, I thought everyone should know about the different types of consumer data that businesses collect. According to Max Freedman of Business News Daily, there are four types of consumer data that businesses collect. The first one is our Personal Data which are personally identifiable information like IP address, Social Security number, gender, and the like. The second is called the Engagement Data which pertains to details regarding an individual's interaction with a website, apps, pages, and ads. The next type is called Behavioral Data, which includes purchase history, user's repeated actions online, and (sometimes) even mouse movement. Lastly, there is Attitudinal Data which is about an individual's satisfaction, desirability, and purchase criteria for a product, website, and other online shenanigans.

To know more about these and other things relating to businesses collecting data and what they do to it, you may visit this link: https://www.businessnewsdaily.com/10625-businesses-collecting-data.html

That's because there is a cash prize for doing KYC. For bounty hunters, they get tokens for free and keep the tokens in the hope that the tokens will explode someday.

And those of us who do KYC on centralized exchanges do it too, right? That means it's the same as them because we hope to be able to use all the features on the exchange to make money, including its trading.

So we will easily provide personal data to carry out KYC because there is a reward in the form of money, tokens or other things. There is no need to consider other problems because they are each person's responsibility.

A presentation of data that has value because it is real, it can be collected at an expensive survey cost, so it is valuable and not free. and For business people, data is really needed to carry out a survey or some type of activity for development, well, what's sad is that sometimes personal data in some countries is still considered normal and not very meaningful, but the case is different from KYC on a platform. I remember that during the Covid period there was quite a lot of patient data that fell out of nowhere or was bought and sold, I also didn't understand where it was going.

With bounty hunters, personal data are not their concerns. They can accept all KYC types if by that they can receive tokens. Do those tokens worth anything, $1 or $10? I don't know and bounty hunters don't mind too. They KYC first and hope to receive tokens then hope those tokens have value.

Coinbase Learning rewards with Personal Information Verification requirements is an example. Small rewards but lose your personal data.

For sure, lots of people will say too low on this, but that's the sign that you would be selling your personal data. Our data should have no money value as we need to protect it, but right now I've seen a lot of people, mostly in my country, ready to sell their identity to whomever needed it as long as they were paid.
 
Recently this year, I saw a thread from our country forum that they will pay about $10 for filling out a form that contains your ID and personal data, and surprisingly, a lot of people do it, even using their parents identities.

Considering the data of a user on an app can be sold for as little as under a dollar, one can only imagine the sheer number of user data being sold to various organizations and also on a regular basis. These social media platforms repeatedly affirm on how they’re all about user privacy and how they care about ours only to go ahead to sell off tits bit of information about loads of users using their platform.
These information being sold may seem not important and even harmless but harmless information collected overtime, when put together, could become valuable and potentially harmful.  
 
Going through the article, I came upon the phrase; “If you're not paying, then you're the product”. I then thought about how I’m not paying Elon to use Twitter and I chuckled quietly.

Our personal data is meant to be protected, but, unfortunatly there is a market for it. Advertising companies pay so much for people's data, look at the total amount per demography, those are high amounts. Among the sold datasets include DNAs. It's weird that people's DNA get sold to advertising industry giants. Hence, the companies in control of the datasets, collaborate with advertisers to target a pool of audiences that love specific or different kinds of products. What matters to them is targeting the exact audience for the products using their DNA, which reveals the type of products a family likes, diversifying to any member of the family. The market is boosting and top tech giants use this kind of marketing for different reasons. The data or DNA owners don't authorize these transactions, their data sold for cents or millions. That's very risky to the owners of the sold DNA and other sensitive information.

source: https://uk.pcmag.com/news/130187/know-your-datas-worth

so a 56+yo hispanic person earning under $20k, their general data is worth $0.09

so a 20yo middle eastern person earning $130k, their general data is worth $1.31

data can also be worth more if specific demographs also have data that relates to an industry/product interest of the data buyer. EG a SCI-FI movie fans data would be worth more to a company that sells SCI-FI merch/entertainment products