If you read here very often then you may have seen the 50 some Chapters I have on the Attack of the Killer Algorithms. There’s always a link on the left hand side under my educational information for consumers that I post. This has been going on a long time and now it is getting worse. In addition you may have seen some of my posts about “licensing and excise taxing” the data sellers and this is one big group that should be taxed. Why? Government needs more revenue and by having such a provision we would now open the the ability to regulate these folks as lawmakers would have a foot to stand on, they don’t have that now. Caught selling without a license, not paid your quarterly tax, and we could add some addition fines for violation of not providing timely information for consumers. My latest post is here and the companies make profits in the BILLIONS, ONCE MORE BILLIONS. Also you cannot create an efficiently modeled law without bringing privacy too. I watch and listen to the “no balls laws” that are being proposed and all are nonsense.
Here’s where the privacy issue comes in, (link below) as who would not want to be able to go to a federal website and do a quick look up on a company, a bank, etc. to find out what kind of data they sell and to who, everyone wants this. If we get transparent though they are afraid of losing money and if they are doing it correctly they have nothing to hide.
The same applies to HIPAA with coming out of the silo and we talk on this site about integrating medical records all the time so how about it with a “decent” law model and integrate HIPAA in an overall privacy law too. It makes sense as you see HIPAA covered material in places where it did not exist before so we need HIPAA rules integrated with laws where it has never been before as well. Of course we are not talking moving anything from HIPAA and HHS, rather integrating like we do with medical records so complete access of the provisions of various area of the law as relates to privacy is easily available and to ensure that HIPAA laws work in unison with other laws and we don’t have contradictions and unintended consequences that could have been avoided. This might give some members of Congress fits of frustration as it would require better law modeling and not everyone coming in with their own set of numbers. We need laws that understands IT infrastructure that monitors privacy and data selling together.
According to the video out of five people have errors on their credit scores and yes I have written the FTC on this matter myself. The FTC says everyone is going to get mad and I’m sure my Attack of the Killer Algorithms posts that talk about this has made people mad too. They not doing anything. Consumers get stuck and when it comes time to get mistakes corrected, it’s on our dime to fix the flawed data. They want the money from selling the data to make billions in profit and don’t want to spend the money to correct.
Watch Steve as he calls customer service and gets nowhere and gets India on the line. Watch the stories of the nightmares of people with issues. Now you will learn that there’s a difference between what you see and what they report to insurers or banks. What our lawmakers cannot bring themselves to see is how all this data is connected, they live in bliss. Here’s my Chapter 42 about a company called e-Scoring and I have had lots of hits on this post as the company completely operates outside of any jurisdictions of the law and sells data they collect and makes millions due to how he classifies his business.
I don’t know about you but I’m tired of flawed data and nobody wants the expense and time to fix it. If you look at what Ticketmaster did for the Presidential Inaugural Ball, same thing. They made a mistake and put tickets on sale early and when customers who were ready to buy on the date they published as available, tickets were all gone as they put them on sale by mistake ahead of the date. All who were ready to buy on the announced date were screwed and could not get tickets. The erroneous algorithms that were turned loose early screwed everyone, except those who happened to visit the website by browsing or whatever for information.
Listen to the story with the trauma nurse from Cleveland and she’s been stuck since 1999. Wait until you hear all the “flawed data” on her reports that she had never seen. Where the transparency? Not there. She was connected too all types of data that was not hers. Here’s a similar story from the Killer Algorithm series from 2011.
This post below tells where North Carolina kicked out Core Logic. The states already license the data seller to run their bots to collect public information; however the number of bots were slowing down servers to a crawl and consumers like you and me could not get through. So the next step was for the state to buy software to limit the number of data mining bots. CoreLogic was not paying and updating their information quarterly either, so they kicked them out and removed their license. There’s one more reason as to why it takes so long to get errors fixed.
And you can look this up on the blog here but check out the bogus FICO analytics they sell using your credit score combined with other data they mine, it’s fraud when they say this information can be used to score you to determine if you will be a compliant patient and take your prescriptions. Here’s a post last year that even the Nielsen company commented on. You are being duped with flawed data every way you turn. Wait until you get caught in the auto refill algorithms of CVS …another nightmare and attack of the Killer Algorithms. The CVS issue was generated from a pay for performance issue with pharmacists being pressured to meet “goals” for numbers of refills and they get incentive money from United Healthcare too for signing you up in their wellness or other plans. I mention CVS as that is a transaction too when your prescription is billed when the pharmacists bills it not when picked up and big companies, i.e. Walgreens made short of $800 million selling data in 2010.