With the advancement in technology numerous individuals are opening accounts for social media and banking purposes. It is true that they put their personal data for his signing up into the account or virtual banking .while there some benefits and conveniences that this brings for people. I really believe that this tendency has a lot of negative impacts on people’s security and the economy.
To start with ,using personal information to sign up for social network or online banking has advantages which make this trend prevalent. Firstly ,it make signing up for accounts much more convenient for users. For example in the past to open any stock account. People would have to go to stroke company and complete Ross of paper work and now by providing personal information online and we will save time doing the registration .Hence, it makes sign up in to accounts easier for users.
Nevertheless ,if many people take advantages of this uses it will lead to several drawbacks for some reasons. The first one is the user will become a target by identity. social media are prone to be hacked. For instance ,personal images as well as identification numbers can be used as lucrative products to Undertake illegal behaviours .moreover ,these actions can significantly effect commercial situation for those whose data was leaked such action will cause a great financial burden for both citizens and countries. In conclusion all,although providing personal information makes registration convenient for people. It has to be done carefully since currently, it still does more harm than good.