Security News > 2020 > May > Why a single online name and social cards will be the new norm

As social networks and brands began to use this data to make money, people have lost their control over how their data is handled.

Many of these leaks have exposed the private data of hundreds of millions of individuals who shared it with financial institutions, healthcare providers, or social media platforms.

Users are looking for ways to control their online persona, with single online names and social cards becoming the norm - but what exactly are these tools, and how do they empower consumers that want to take back control of their data?

Every new service or subscription a person signs up for requires them to give out essential data, whether it's healthcare information, social security numbers, age, gender, or income - all of which can be easily misused if found in the wrong hands.

Investors are driving developments of decentralized data platforms, and supporting efforts to democratize data in unseen ways.

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