Finance institutions not only have frequent leaks, but they also happily sell your data.
Each major credit card company will sell you, if you’re big enough, list of all transactions that flow through their systems, not properly anonymized at all.
Banks use horribly outdated and unsafe technologies like checks, and use insurances instead of upgrading tech.
Trading companies make money by selling your orders streams and delaying your orders just enough, so they can get better deal than you.
Equifax leaked very detailed data, that can destroy your life, of almost all Americans.
That'a American/USA reality my friend :) It saddens me that you (plural - the nation) allow big corp to bribe politicans openly and shamelessly (lobbying).
Brokers: for $1k per month you can subscribe to a service that will feed you that same info, in real time. So.. your argument half-stands.
Banks: Most big banks are good/strong enough. Some smaller banks (1-20 branches) are weak. They haven's scaled enough. In the UK we now have 'open data'. It gives you the 'freedom'(?????) to share your data with 3rd parties. "what can go wrong"...
Equifax: thank US politicians for that. Bribing FTW!!!(aka Lobbying).
Credit card: they "can’t sell raw consumer data to third parties unless they provide the customer with a notice and an opportunity to opt out. In some states, customers have to opt in. They can sell anonymized data, with all personally identifiable information stripped out or hashed." (https://www.forbes.com/sites/petercohan/2018/07/22/mastercar...).
Each major credit card company will sell you, if you’re big enough, list of all transactions that flow through their systems, not properly anonymized at all.
Banks use horribly outdated and unsafe technologies like checks, and use insurances instead of upgrading tech.
Trading companies make money by selling your orders streams and delaying your orders just enough, so they can get better deal than you.
Equifax leaked very detailed data, that can destroy your life, of almost all Americans.
How exactly is finance industry better?