Here are five things in technology that happened this past week and how they affect your business. Did you miss them?
1 — Facebook scandal could push other tech companies to tighten data sharing.
Both large tech companies and small software developers are likely to face scrutiny over how they share customer information in the wake of the scandal involving Facebook and the British election consulting firm Cambridge Analytica. This scrutiny and the risk of regulatory action could affect Google, Twitter, Uber Technologies, Microsoft, LinkedIn, and many others that make their user data available to outside developers.
Why this is important for your business:
Data privacy has become the number one issue in Silicon Valley and that’s good news for small businesses. However, as companies like Microsoft, Google, Facebook and others look to better lock up our information we can expect more levels of authorization and scrutiny on our workflows in the coming years. In other words: data won’t be as easily accessible as it is now.
2 — A fintech startup launches a new type of virtual card.
Fintech startup Revolut is launching a new type of virtual card. While you could already generate additional virtual cards for a fee, this card is different because it gets destroyed after each transaction. It is targeted to those who shop on random websites for a certain item but have no plans of shopping there again.