Facebook Insecurity

Facebook Asks Banks For Your Data

8/7/18
div style="font-size:75%">from The Wall Street Journal,
8/6/18:

Facebook has asked large U.S. banks to share detailed financial information about customers as it seeks to boost user engagement

Facebook Inc. wants your financial data. The social-media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking-account balances, as part of an effort to offer new services to users. Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and U.S. Bancorp to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter. Facebook has talked about a feature that would show its users their checking-account balances, the people said. It has also pitched fraud alerts, some of the people said.

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