Opinion | When you shop or browse online, know that your personal information isn’t really safe
- Social media and online shopping platforms collect a significant amount of personal information and even share it with third parties. The growing risks of data leaks and fraud should force companies to offer better protection
Globally, the use of different social media and online shopping platforms is experiencing a meteoric rise. According to Forbes, the number of social media users worldwide has hit a record high of 4.9 billion this year, and it is expected that almost 21 per cent of retail purchases this year will take place online.
In today’s digital era, it only takes the touch of a finger to purchase groceries online, like a post, or share your live location, in a matter of seconds. However, almost every tap or swipe performed during those actions involves giving away your personal data, such as your browsing history, purchase transactions and, sometimes, credit card details.
This data is valuable, allowing online companies to provide you with personalised content and advertisements. As you go about your daily routine, you may be sharing more personal data than you realise.