What?!?  A post where you are not throwing Facebook under the bus?

I know, I know… I spend a lot of time preaching about my non-use of Facebook but lately it’s gone deeper than that. The last few months I have deleted anything I have been storing in the cloud (Google, iCloud, Dropbox) and setup my own cloud at home. More on that in another posting. Let’s just say that I wanted a physical cloud at home to use with any programs that needed access to a cloud account. Why?

mint.com-screenshotMint.com Collects Everything Too!

An email came across my desk a few days ago from Mint.com, the internet based personal financial software that is completely free. I have been using Mint for years but they recently updated their privacy policy so I decided to go in and read it fully. It’s kind of scary…

Flashback: Mint.com was one of the free tools I recommended almost 6 years ago. Sorry :(


What Type of Information Mint.com Collects

  • Identification Info (e.g. name, Social Security number, phone, address);
  • Credit score and credit history;
  • Account balances and payment/transaction history;
  • Registration info;
  • Bill and payment information; and
  • Any 3rd party data (such as your bank account information) synced with your account.

They freely admit to collecting everything about you. https://www.mint.com/privacy

Mint then goes on to say why they can share your information freely and why you cannot limit their sharing of your information. Something about sharing everything makes us all safer, if you buy that kind of logic.

Here’s another quote:

We reserve the right, in our sole discretion, to share or disclose your personal information with law enforcement, government officials, and other regulatory agencies. We may share or make available anonymous or aggregate information that cannot by used to identify you with:

3rd parties for research, marketing and promotional purposes and those 3rd parties may publicly report the findings of their research or analysis;

privacypolicytoiletpaperReminds me to always follow the old web advise: “If you are not paying, you are the product.” Some don’t agree with that assessment because it works in other industries but this model should never be used with our personal information.

Obviously I didn’t just stop managing my finances when I dropped Mint, I have been using a MAC App called Banktivity which I started doing in January. I have been using it for a few months but I’ll get around to doing a review at another time.  At least in their privacy policy they admit they don’t have access to any of your encrypted data and you can opt to just use it on your computer. Banktivity uses the cloud so now I use the software with my own personal cloud.

I really have to start reading privacy policies more often.

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