Naomi Brockwell

They tell us when we sign up, they literally say, you are giving us permission to hand over all your financial data to third parties.

They tell us when we sign up, they literally say, you are giving us permission to hand over all your financial data to third parties.

There are a lot of laws that have been passed that basically say, listen, your data is not your data anymore. It is something that you voluntarily handed over to this third party and they're allowed to do with it what they want. And financial data used to be this sanctuary and you have famous places like Switzerland where, you know, they'd have these banking laws and you'd have this private

There are a lot of laws that have been passed that basically say, listen, your data is not your data anymore. It is something that you voluntarily handed over to this third party and they're allowed to do with it what they want. And financial data used to be this sanctuary and you have famous places like Switzerland where, you know, they'd have these banking laws and you'd have this private

contract with your financial institution there and you'd think that everything you did was just between you and the bank. And that's just not the way of the world. Not only has the US actually broken the Swiss banking system, but they've completely undermined those laws in the US as well. So now we're in a situation where due to things like the third party doctrine,

contract with your financial institution there and you'd think that everything you did was just between you and the bank. And that's just not the way of the world. Not only has the US actually broken the Swiss banking system, but they've completely undermined those laws in the US as well. So now we're in a situation where due to things like the third party doctrine,

The government says that if you hand over your data to a third party, you no longer have any reasonable expectation of privacy with that data. And that includes financial institutions because governments want that data as well. And so it's not in their interest to create laws that are going to protect your data.

The government says that if you hand over your data to a third party, you no longer have any reasonable expectation of privacy with that data. And that includes financial institutions because governments want that data as well. And so it's not in their interest to create laws that are going to protect your data.

It's in their best interest to make it as easy as possible for these organizations to not have liability for handing over your data. So that's the way that the arrangement goes.

It's in their best interest to make it as easy as possible for these organizations to not have liability for handing over your data. So that's the way that the arrangement goes.

Yeah, everyone says it. It's very naive. I think that... people haven't quite adjusted to the digital world, right? We're used to nefarious actors maybe being there in person, someone who's going to hold you up at gunpoint. They're physically there. We understand the threat model. It's a person they need. They want to steal your handbag or whatever.

Yeah, everyone says it. It's very naive. I think that... people haven't quite adjusted to the digital world, right? We're used to nefarious actors maybe being there in person, someone who's going to hold you up at gunpoint. They're physically there. We understand the threat model. It's a person they need. They want to steal your handbag or whatever.

But we live in the digital age where the people who are attacking us are not next to us. They're sometimes over the other side of the world. And sometimes they're just completely indiscriminate. about who they target. So when someone says no one's gonna target me, I'm unimportant.

But we live in the digital age where the people who are attacking us are not next to us. They're sometimes over the other side of the world. And sometimes they're just completely indiscriminate. about who they target. So when someone says no one's gonna target me, I'm unimportant.

I think that it is naive to underestimate your digital significance in today's world, because the current situation is that scammers are not targeting you, They're indiscriminate with how they attack victims. They are casting a giant wide net that you will inevitably fall into. And this is just the current reality. It doesn't matter whether you think you're important or not.

I think that it is naive to underestimate your digital significance in today's world, because the current situation is that scammers are not targeting you, They're indiscriminate with how they attack victims. They are casting a giant wide net that you will inevitably fall into. And this is just the current reality. It doesn't matter whether you think you're important or not.

It doesn't matter whether you think that you're a worthy target, whether you're rich or anything, whether you have status. you're going to be targeted because you will be inevitably captured in this very wide net. That's just how scammers work. The reason they do this is because there's a very low cost to them casting this wide net and there is a potential big payoff.

It doesn't matter whether you think that you're a worthy target, whether you're rich or anything, whether you have status. you're going to be targeted because you will be inevitably captured in this very wide net. That's just how scammers work. The reason they do this is because there's a very low cost to them casting this wide net and there is a potential big payoff.

Even if a tiny fraction of people fall for their scams, there's a huge potential payoff.

Even if a tiny fraction of people fall for their scams, there's a huge potential payoff.