How did more than 50 million people’s personal data that was meant to be collected for the sole purpose of the platform’s usability end up as a political tool? In this article, we identify the areas where Facebook and Cambridge Analytica had failed in their roles as a data controller and data processer respectively. Consequently, this had led to a shocking scandal which is now very closely watched by both the authorities and the world.
The growth in ASEAN’s digital economy reveals various Internet opportunities that everyone has access to. Given how accessible the economy is, the poor and the unbanked now have a platform to develop themselves and to be bestowed as the biggest winners of these circumstances. However, there is also an unlikely contender for the top spot: the criminals and terrorists.
Assessing credit risk has never been easier for the companies ever since they had recognized the capabilities that big data has to offer. This has resulted in a huge growth in the online consumer lending industry, where more fintech startups are able to assess credit risk more accurately; and subsequently, drive the concept of financial inclusion to new dimensions.