How come we haven't had big privacy scandals from Visa/ Mastercard?
Big companies, a rent-like business, no pressure to do things well, own lots of very sensitive personal data, clients giving the data away without realizing it, little regulatory oversight on the data front, etc.
I would expect them to sell or leak poorly anonymised personal data, leading to huge privacy issues.
Because they know they have a golden goose and are not willing to risk it all pushing boundaries like the FANG companies are. They also have literally 50 years of experience with their data mining and the only think more powerful that incompetence is 50 years of bureaucracy....
Big companies, a rent-like business, no pressure to do things well, own lots of very sensitive personal data, clients giving the data away without realizing it, little regulatory oversight on the data front, etc.
I would expect them to sell or leak poorly anonymised personal data, leading to huge privacy issues.
Why hasn't this happened?