Your Stolen Data: A $260 Billion Dollar issue facing millions of Americans.

# It is time to take again our information.

Hey there.

I have been engaged on my Passive Information apps comparability publish for nearly 2 years and I feel it is about time that I get round to ending it and posting it.

That is really half two of that publish. If I submitted this portion of that publish together with the primary half, it could really be over the 40,000 character restrict that reddit has in place. As soon as the info assortment publish is made (in all probability over the following couple days), that may *by far* be the largest publish I’ve ever made on reddit. I am simply making an attempt to wonderful tune my info so there are as few errors / (?)s within the publish as attainable.

**This publish isn’t instantly about earning money, so if that is what you are in search of, click on away now.** This publish is a compilation of knowledge I’ve discovered whereas researching not solely the current Cambridge Analytica scandal, but in addition different information mining scams which have occurred previously, in addition to ongoing information mining operations that you just may not even concentrate on, or perhaps you really are conscious of, however simply do not care.

Now let’s speak about you… or at the very least the info that makes you up.


# Your Stolen Information

By now I am guessing that a considerable amount of you all studying this publish are already conscious concerning the lately found Cambridge Analytica scandal, however for those who’re not conscious, this is a little bit of background on that:

### “Cambridge Analytica whistleblower Christopher Wylie beforehand estimated that greater than 50 million folks had been compromised by a persona quiz that collected information from customers and their associates.” ^[1](

I am not going to get into the good particulars of the scandal, so if you wish to know extra about what precisely went on, I might suggest you do your personal analysis, in addition to all the pieces else I speak about on this publish. Do your personal analysis regardless.

The TL;DR I can provide you with for this story – Cambridge Analytica gathered 50 million+ fb customers’ info and bought this info to a number of consumers, together with Donald Trump for the 2016 election marketing campaign. The tactic of gathering the consumer demographic info was accomplished through the use of a fb app ‘persona quiz’ that paid 270,000 members to finish it (feels like beermoney, eh?) and because of this they had been in a position to entry info not solely concerning the consumer who accomplished the quiz, but in addition the data of all the associates of the one who accomplished the quiz. That is basically direct stealing (ethically talking) of 50 million customers’ private, fb supplied, info.

One factor that’s actually necessary so as to add is that of the 270,000 authentic app customers, it was reported that the duty to take part within the persona survey was really posted on mTurk, a quite common website within the beermoney realm the place customers can full “hits” to earn a small sum of money.

By way of morals, I am extraordinarily disgusted with Cambridge Analytica for acquiring private info of individuals via this unethical technique, however I feel I am much more mad at Fb for making it really easy for *any* app developer to gather private information from easy fb apps, even when somebody is not even utilizing the app, however moderately a pal is utilizing the app. I do need to make clear although, fb really [stopped allowing app developers to access information of friends in 2014]( (proper round when the Cambridge Analytica persona quiz went up.

it is necessary to notice that for those who assume Cambridge Analytica is the one firm gathering and promoting consumer information with out being clear about it, you are method off.

### “Information is now already the fourth largest useful resource on the planet with roughly $260 billion being spent on it annually.” ^[2](

After the massive Cambridge Analytical scandal, a redditor made a publish on /r/beermoney titled [“Beermoney sites and Cambridge Analytica”](, and consumer /u/Sk8rtoon supplied a really logical and agreeable remark:

> My thought is, if I will be tracked, I would as effectively receives a commission for it. Therefore the beermoney. Fb would not pay & I’ve by no means had an account. I am additionally not an fool, I do know gmail is evil, however I am prepared to cope with it for his or her service.

When it comes all the way down to it, the amount of cash being spent on consumer information is astonishing. DataWallet predicts that the quantity spent yearly is as a lot as $260 billion… which is *insane*. However the questions right here that extra folks needs to be asking is, “How a lot are the customers who’re having their info mined making out of the deal?”

I am positive at the very least a portion of the hundreds of individuals studying this publish are conscious of Nielsen Holdings Inc. [In 2013 it claimed the spot for being the #295th largest company, just surpassing Chipotle.]( Nielsen Holdings will get at the very least some kind of gold star in my e-book as a result of at the very least they’re upfront and sincere. They’re taking your information. They’re promoting your information. **They’re additionally paying you in your information.** Now while you take a look at the income the corporate makes annually, you may shortly understand that they are actually simply paying customers peanuts for what the precise price of their information is, however it’s nonetheless significantly better than what fb is paying you in your information. (Trace: nothing).

In simply March of 2018 the New York Occasions made [this post]( system/user-data-pay.html) discussing whether or not or not Fb needs to be paying customers for “our pet photos.”

Here is one quote from the article that I feel actually stands out:

> Getting corporations to pay transparently for the data is not going to simply present a greater deal for the customers whose information is scooped up as they go about their on-line lives. It’ll additionally enhance the standard of the info on which the data financial system is being constructed. And it might undermine the info titans’ stranglehold on know-how’s future, respiratory recent air into an financial system shedding its vitality.

The article could be very insightful and if in case you have the time I actually assume it is price a learn. (Spoiler: they won’t begin paying us for our cute pet photos).

However let’s not neglect the opposite, extra adverse elements of consumer information assortment.

### “However though we create huge volumes of knowledge on daily basis, and it’s being bought for a whole lot of billions annually, we do not appear to personal it. As a substitute, companies known as Information Brokers scrape vasts quantities of our information and promote it with out our consent.” ^[3](

Have you ever ever heard of the “worth manipulation” primarily based in your private historical past?

There are lots of people who will consider that for those who seek for specific airline tickets ceaselessly, the idea is that the worth of the tickets will magically rise in worth because of your repeated curiosity within the tickets.

I really did not know this was an enormous situation, however after listening to about it lately, after which additionally studying [this comment]( from the beermoney publish linked a number of paragraphs above, I figured I might do some further analysis to seek for conditions the place this has been recognized to be true.

I feel Invoice McGee, for USA Right now wrote a particularly nice instance of worth discrimination in [this article]( Here is a thinker for you:

> Think about seeing a pair of sneakers in a retailer window priced at $50, however while you enter the shop you are instructed the precise value is $75. It is the basic bait-and-switch. Nicely, what if the shop supplied quite a lot of costs for those self same sneakers, starting from $50 on as much as $100? And what if the quantity YOU will probably be charged is because of a fancy formulation primarily based on the situation of different sneakers you’ve got purchased, how a lot you’ve got spent on sneakers previously and what you are prone to spend for sneakers now?

However let’s get again to the subject. Do airline tickets go up in worth because of your search historical past?

In 2016, [William McGee actually decided to test this out](, by researching 372 totally different flights on 9 totally different airline websites.

Here is the outcomes:

> Among the many 372 searches, we discovered 42 pairs of various costs on separate browsers for a similar websites retrieved on the identical time (in concept there ought to have been no variations). In reality, all 9 websites supplied totally different airfares on separate browsers on the identical time at the very least as soon as, though it occurred most ceaselessly on Google Flights (12) and Kayak (eight). Out of the 42 pairs that differed, 25 resulted in larger fares (by as a lot as $121) and 17 resulted in decrease fares (as much as $84 much less) for the scrubbed browser.

So, what the hell can we show from this? Positive, the costs went up 25 occasions, however in addition they went down 17 occasions. However that is additionally completely ignoring the truth that in over 300 of the circumstances, the costs did not change in any respect.

Nicely, there’s actually nothing that may be finished to show whether or not airways really do manipulate the worth primarily based in your historical past, however we are able to conclude that it is best to seek for airline tickets utilizing a number of browsers (chrome + chrome incognito) and you may probably discover a cheaper price on one of many two.

In conclusion of this fantasy… Nicely, there may be none. It stays a fantasy, however listed here are some **info** about airways which are actually attention-grabbing and may feed into the parable:

> Airways sometimes provide greater than a dozen worth factors for a similar seat on the identical plane – costs and guidelines that may and do change ceaselessly all through the day. Concurrently automated stock techniques determine at any given second which worth level to supply a client, primarily based on dozens of things together with present and historic bookings.

> laptop cookies that observe previous interactions
click-stream know-how that discerns how customers arrive at a given website, and what different websites they go to earlier than and after
databases that retailer a “huge quantity of knowledge” on earlier purchases.

Sources for the info: [One](, and [Two](

Worth manipulation is throughout us, and it may be far more refined than you may think. I might get into the abuse of promotions, equivalent to how you can increase the worth of a product by a bunch after which provide it for a % off, or BOGO, or some kind of different promotion that makes the product seem to be a greater deal than it’s, however I am really not going to get into these different points as a result of it will distract an excessive amount of from the purpose of this publish, which is to debate how our private information is getting stolen.

So yeah, let’s get again on matter.

### “In his e-book Who Owns the Future (Simon & Schuster, 2013), Jaron Lanier argues persuasively that the harvesting of net customers’ private shopping information (by Google, Fb, Amazon, and others), with out paying folks for using their information, is unjust” ^[4](

This really jogs my memory concerning the article I talked about above, which recommended that fb begin paying customers for posting their cute pet pictures and sharing them with their family and friends.

There’s really a extremely massive debate that may come out of this concept, however ultimately it seems that Fb *is* a “free” website to make use of. It is really a extremely nice useful resource for locating outdated associates and retaining in contact along with your distant relations…


I suppose the query is what the private definition of “free” is. Within the beermoney world, some folks say that beermoney websites give away “free cash” whereas others may say that beermoney websites aren’t giving freely “free cash” since you’re spending your time to obtain the cash. With fb there’s the argument that it’s “free” since you’re not paying something (money) to make use of the service, however the different facet of the argument is that it is not “free” since you’re giving fb your private info and information.

All of it has to do with the saying: **[If You’re Not Paying for It; You’re the Product](**

### “Information creators are totally neglected of the method: we do not [k]now who’s sourcing our information, what information they’re sourcing, who they promote our information to and for what goal. Most notably, we don’t obtain any a part of the earnings Information Brokers make by promoting our information.” ^[5](

Nicely, I’ve realized in english class my entire life that for those who’re writing a persuasive essay, it’s essential finish with a name to motion.

The decision to motion right here is kind of easy.

# Take again your information!

We’re all getting fucked anyhow, proper? I exploit fb. I exploit snapchat. I exploit Youtube. I exploit Gmail. I do not assume I might even inform you what number of occasions I’ve logged in with fb for an app or recreation the place I’ve allowed entry to numerous info that Fb would supply…

Since we’re already having our info stolen, why not at the very least receives a commission for it?

For those who’re studying this and you are not utilizing any passive information assortment apps, and you do not thoughts letting folks stalk your information, I’d actually suggest you learn [this post]( by /u/Garwald highlighting among the passive information assortment apps. The publish is not updated, however **in a pair days I will probably be posting a mega publish with a butt load of choices for you that ought to make you at the very least $100-500+ per 12 months totally passively.**

We stay in a world the place, whether or not we prefer it or not, we’re being tracked with nearly all the pieces we do on-line. Datawallet predicts that, “By 2022, Information Brokers are anticipated to promote information price $10,100 per American web consumer per 12 months, basically absorbing round 19.2% of US family earnings.” And if that is so, it simply would not make sense to not declare a portion of your self that’s generally bought away with out supplying you with something.


Feedback or questions? Please go away a remark.

Inaccurate info? Please let me know! I am not used to writing such a a publish, and I am not a proper author by any means. I might love suggestions.

Like what I am doing? Be at liberty to ship me some Nano. I will love you endlessly.

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*Please don’t copy/paste or take my phrases on this publish as your personal. (I include hyperlinks to each supply I cited on this publish!) I can present proof of id once I greater than doubtless use this publish for a future enterprise paper in a enterprise class I hope I will be taking.*

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Xiaomi officially files for Hong Kong IPO to raise a reported $10 billion

Xiaomi’s much-speculated IPO course of has kicked off formally after the Chinese language smartphone big filed to go public on the Hong Kong Inventory Change.

The primary draft of its submitting doesn’t embrace proposed monetary particulars of its itemizing, however the South China Morning Post reports that the eight-year-old firm is taking pictures to lift $10 billion at a valuation of $100 billion. Past the 12 months’s largest IPO — and the world’s largest increase since Alibaba in New York in 2014 — the itemizing might make Xiaomi China’s third largest expertise firm based mostly on market cap.

Xiaomi operates otherwise to most corporations in that it sells smartphones and sensible gadgets at waiver skinny margins, counting on companies and environment friendly use of parts to drag in revenue. Past telephones, it operates its personal retail enterprise and web companies akin to funds and streaming. That technique — which CEO Lei Jun calls a “triathlon” — is targeted on companies for progress since Xiaomi has capped its maximum net profit for hardware at five percent.

Xiaomi mentioned in its submitting that it has over 190 million folks utilizing its MIUI model of Android — that’s a superb perception into what number of of its gadgets are available in the market — whereas it has offered over 100 million related gadgets, which embrace smartwatches, health bands, sensible scales and extra. The corporate claims its customers are lively on their telephones for four.5 hours per day, and that there are 1.four million prospects who personal 5 or extra related gadgets.

The corporate is ranked fourth based mostly on world smartphone shipments, in accordance with analyst agency IDC, and that it is one of the few OEMs to buck slowing sales in China.

The corporate’s financials are spectacular.

The corporate booked gross sales of 114.6 billion RMB ($18 billion) in 2017, up from 68.four billion RMB in 2016 and 66.eight billion in 2015.

Xiaomi posted a 43.9 billion RMB ($6.9 billion) loss in 2017 on account of issuing most popular shares to traders (54 billion RMB) however the progress story is wholesome. Working revenue jumped to 12.2 billion RMB ($1.92 billion), up greater than three-fold on the earlier 12 months.

Smartphones proceed to signify the majority of gross sales at 70 p.c, with sensible gadgets pulling in 20 p.c extra and companies accountable for the rest.

China is, as you’d anticipate, the first income market however Xiaomi is more and more much less depending on its homeland. For 2017 gross sales, China represented 72 p.c, however it had been 94 p.c and 87 p.c, respectively, in 2015 and 2016. India is Xiaomi’s most profitable abroad enterprise, having constructed the enterprise to the primary smartphone agency based mostly on market share, and Xiaomi is pledging to double down on different world areas.

Curiously there’s no point out of increasing cellphone gross sales to the U.S., however Xiaomi has pledged to place 30 p.c of its IPO in direction of rising its presence in Southeast Asia, Europe, Russia “different areas.” Presently, it mentioned it sells merchandise in 74 international locations, that does embrace the U.S. the place Xiaomi sells equipment and non-phone gadgets.

One other 30 p.c is earmarked for R&D and product improvement, whereas an extra 30 p.c shall be invested in Xiaomi’s web of issues and sensible product ecosystem. The remaining 10 p.c is down for working capital.

Xiaomi isn’t disclosing the precise share stakes that its main traders maintain, however CEO Lei Jun is believed to be one of the important shareholders. The IPO might make him China’s richest man, in accordance with stories which recommend he controls a stake of over 75 p.c.

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Apple Will Spend $100 Billion of That Cash It Stashed Abroad Buying Back Its Own Stock

For all of the tortuous interactions with now-President Donald Trump that Apple CEO Tim Cook dinner has endured over the previous few years, in late April he was nonetheless making the rounds at fancy White House events—in all probability as a result of his firm has, all informed, been a significant beneficiary of Republican-backed tax cuts. On Tuesday, Apple…

Read more…

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T-Mobile and Sprint sign $26.5 billion merger deal to accelerate 5G rollout


T-Cellular and Dash have lastly agreed to a $26.5 billion deal that can make T-Cellular the third-largest service in the USA, the businesses introduced Sunday. 

T-Cellular CEO John Legere can be CEO of the brand new firm, which can proceed beneath the T-Cellular title.

The settlement comes after two earlier failed makes an attempt to merge the 2 carriers. The latest was in November of final yr, when talks between the 2 firms fell apart amid reported disagreements over Dash’s valuation and SoftBank’s reluctance to cede management of Dash. 

So what modified within the final 5 months? Nicely, T-Cellular guardian firm Deutsche Telekom and Dash guardian SoftBank reached an settlement that valued Dash at $26.5 billion for one. Dash Chairman and Softbank CEO Masayoshi Son may also serve on the board of the brand new T-Cellular, Bloomberg reportedRead more…

Extra about Tech, Sprint, Tmobile, Tech, and Big Tech Companies

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Disney Invested Nearly $2 Billion Into Star Wars Parks, And These Drone Shots Show Us Where The Money Went

Disney is taking Star Wars from a galaxy far, far-off and bringing them to our footsteps. The corporate is constructing two theme parks in Florida and California, devoted completely to Star Wars lore, and everybody can’t wait to see them. Despite the fact that the 14-acre areas are set to open in 2019, Disney has simply launched never-before-seen drone footage from one of many building websites that spotlight how majestic these parks might be.

Disney claims that this park in California goes to appear like a planet referred to as Batuu, an Outer Rim world we hadn’t had the prospect to go to but. The development of this bicoastal Star Wars growth started in April of 2016, and the venture is introduced to have a $2 billion price range, so they’re not messing round!

Extra information: disney.go.comFacebook (h/t mashable)

Disney has revealed aerial pictures of the development of its 2 Star Wars-themed parks

Picture credit: Disney Parks

And the epic venture is already effectively on its means

Picture credit: Disney Parks

With each parks deliberate to cowl 14-acres every

Picture credit: Disney Parks

The development of this bicoastal Star Wars growth is introduced to have a $2 billion price range

Picture credit: Disney Parks

Picture credit: wdwmagic

Right here’s a video fly-over, displaying its present state

And when it opens to the general public in 2019, the park will appear like this

Picture credit: Joshua Sudock

It should even  characteristic beloved Star Wars icons, just like the Millenium Falcon

Picture credit: Joshua Sudock

Amongst different recognizable areas and characters

Picture credit: Joshua Sudock

Picture credit: Joshua Sudock

Picture credit: Joshua Sudock

Picture credit: Joshua Sudock

How excited are you? Let’s discuss within the feedback

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No, Kylie Jenner didn't wipe out $1.3 billion of Snap's market value


On Thursday, the enterprise information web site Bloomberg printed a narrative under a shocking headline: “In a single tweet, Kylie Jenner worn out $1.three billion of Snap’s market worth.”

The story was pegged to a 7 p.c decline in Snap Inc.’s inventory worth, and it might have you ever imagine that one tweet — simply 88 characters — was capable of destroy a good portion of the corporate’s market valuation.

For reference, this is the tweet in query:

sooo does anybody else not open Snapchat anymore? Or is it simply me… ugh that is so unhappy.

— Kylie Jenner (@KylieJenner) February 21, 2018

Sure, Kylie Jenner, the 20-year-old actuality TV star, is among the hottest Snapchat customers. And sure, the Kardashian household is extremely highly effective. However let’s not crown Kylie the queen of Snap’s inventory decline regardless of how enjoyable this picture is: Read more…

Extra about Snapchat, Kylie Jenner, Apps And Software, Snap Inc., and Snapchat Redesign

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Korea’s Kakao eyes overseas acquisitions following $1 billion raise

 Korea’s Kakao, the web big behind the nation’s prime messaging app, is actively searching for abroad funding alternatives after it raised $1 billion through a placement. Kakao is valued at over $7 billion and its companies are utilized by greater than 40 million individuals. The corporate, which counts Tencent as an early investor, now seems to be making good on its long-standing plan to… Read More

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India's National ID Database With Private Information Of Nearly 1.2 Billion People Was Reportedly Breached

In 2010 India began scanning private particulars like names, addresses, dates of start, cellular numbers, and extra, together with all 10 fingerprints and iris scans of its 1.three billion residents, right into a centralized authorities database known as Aadhaar to create a voluntary identification system. On Wednesday this database was reportedly breached.

The Tribune, a neighborhood Indian newspaper, printed a report claiming its reporters paid Rs. 500 (roughly $eight) to an individual who mentioned his title was Anil Kumar, and who they contacted via WhatsApp. Kumar was capable of create a username and password that gave them entry to the demographic info of almost 1.2 billion Indians who’ve at the moment enrolled in Aadhaar, just by getting into an individual’s distinctive 12-digit Aadhaar quantity. Regional officers working with the Distinctive Identification Authority of India (UIDAI), the federal government company answerable for Aadhaar, informed the Tribune the entry was “unlawful,” and a “main nationwide safety breach.”

A second report, printed on Thursday by the Quint, an Indian information web site, revealed that anybody can create an administrator account that lets them entry the Aadhaar database so long as they’re invited by an current administrator.

Enrolling for an Aadhaar quantity isn’t necessary, however for months, India’s authorities has been coercing its citizens to join this system by linking entry to important providers like meals subsidies, financial institution accounts, cellular phone numbers, and medical insurance, amongst different issues, to Aadhaar. Critics have slammed this system for its potential to violate the privateness of Indians and for its potential to show India right into a surveillance state, however that hasn’t stopped each Indian firms and Silicon Valley giants like Uber, Airbnb, Microsoft, and Amazon from determining methods to combine it with their services and products in India.

Hours after the Tribune's report was printed, India’s Narendra Modi-led Bharatiya Janata Celebration dismissed it as “faux information.”

Twitter: @BJP4India / By way of Twitter: @BJP4India

In a press release offered to BuzzFeed Information, the UIDAI mentioned it “denied” the Tribune report and that “Aadhaar knowledge together with biometric info is absolutely protected and safe.” The company claimed that the newspaper had misused a database search mechanism obtainable solely to authorities officers and mentioned that it will pursue authorized motion in opposition to folks answerable for the unauthorized entry.

“Claims of bypassing or duping the Aadhaar enrolment system are completely unfounded,” mentioned the assertion. “Aadhaar knowledge is absolutely protected and safe and has sturdy, uncompromised safety. The UIDAI Information Centres are infrastructure of crucial significance and [are] protected accordingly with excessive expertise conforming to the very best requirements of safety and likewise by authorized provisions.”

Nikhil Pahwa, editor of Indian expertise information web site Medianama and a staunch Aadhaar critic, pushed again in opposition to this assertion. “What The Tribune story means that there was unauthorized entry to the Aadhaar database, as a result of somebody was capable of pay for that entry. I'm unsure if the UIDAI is making an attempt to weasel out of this example by saying that this wasn't technically a ‘breach,’” he mentioned.

BuzzFeed Information tracked down Kumar, who mentioned his title was a pseudonym. Kumar informed BuzzFeed Information that he had offered entry to the Aadhaar database to seven different folks in addition to the Tribune reporter within the final week for Rs. 500 a pop however claimed that he didn’t know he was compromising folks’s privateness and breaching the legislation when he did so. “I paid Rs. 6,000 (roughly $95) to an nameless individual in a WhatsApp group I used to be part of to create an username and password to the Aadhaar database for myself,” he mentioned. “I used to be informed that I may then create as many usernames and passwords to entry the database as I wished. I bought every of them to make my Rs. 6,000 again.”

Critics of this system are outraged on the breach. “We’ve been warning for some time in regards to the single entry downside with the design of the [Aadhaar server],” Meghnad S, a spokesperson for, a web-based motion that lets Indians routinely ship emails to their member of Parliament, financial institution, cellular service, and others to protest in opposition to the Aadhaar program, informed BuzzFeed Information.

Meghnad mentioned the Aadhaar Act, which governs this system, imposes penalties on unlawful entry however doesn’t forestall unlawful entry within the first place.

“As soon as the database is breached, the harm is already executed,” he mentioned. “In its hurry to make Aadhaar necessary and never guaranteeing knowledge security, the federal government has allowed shady distributors to take advantage of this knowledge for their very own features.”

Safety researcher Troy Hunt informed BuzzFeed Information that any massive aggregations of private knowledge akin to Aadhaar at all times pose a danger to the privateness of residents, and cited the instance of an individual in a privileged place promoting entry to Australia’s Medicare system final yr.

“The federal government in India might want to assess how a lot knowledge was accessed by unauthorised events, who was accountable, and now what actions ought to be taken to guard impacted events,” Hunt mentioned.

This isn't the primary time that Aadhaar knowledge has been uncovered. In November 2017, over 200 Indian authorities web sites accidentally exposed Aadhaar-linked demographic particulars of an unknown variety of Indians, an RTI question — India's model of the FOIA — revealed. On the time, the UIDAI issued a press release titled: “Aadhaar knowledge is rarely breached or leaked.”

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