FAST FIVE: Social Credit Scores Are Already Here
By now many of our readers are aware of the ongoing rollout of a nationwide social credit system in China.
The denial of loans comes as part of “social scoring systems” which are being used at an alarming rate by government and businesses to determine customers or citizens “trustworthiness.” “Based on these scores, systems make decisions for us or about us, from travel destinations and the associated costs, to whether we are allowed to access the service itself,” the report states.
Kaspersky surveyed more than 10,000 people from 21 countries and found that 18 percent of those polled had issues accessing financial services because of assessments of their social media data.
Unfortunately, the survey also found that 67 percent of people are willing to share their profiles to secure online shopping discounts and 52 percent are willing if it means skipping lines at airports and other means of travel.
Therefore, the goal for those “in the know” should be to spread the word and warn as many people as possible.