Here’s why going down memory lane with Facebook could cost you

Facebook has started compiling your memories in order to celebrate your friendship.

These posts reflect your years of friendship including the posts you have shared, the comments you have posted and the number of times you have ‘liked’ your friends’ post.

The reason they have access to this kind of information is not surprising because when you sign up for Facebook you have to accept its terms and conditions that allow them to access the ‘Things you do.’

“We collect the content and other information you provide when you use our Services, including when you sign up for an account, create or share, and message or communicate with others. 

This can include information in or about the content you provide, such as the location of a photo or the date a file was created. We also collect information about how you use our Services, such as the types of content you view or engage with or the frequency and duration of your activities,” Facebook terms and conditions policy state.

You also have to agree to ‘Things others do and information they provide,’ in that information that other people and/ or companies owned by Facebook provide about you will also be accessible by the world’s largest social networking site.

Till date, 1.71 billion people are active users and are a part of the Facebook family, as per the data reported by Statista for the second half of 2016.

A Reuter’s report from its June 2013 edition reported on how Facebook inadvertently exposed 6 million people’s personal information including phone numbers and email addresses.

The report stated that the company had disclosed that this information which was given to unauthorized viewers for over a year.

Facebook blamed the data leaks, which began in 2012, on a technical glitch in its massive archive of contact information.

The breach follows recent disclosures that several consumer Internet companies turned over troves of user data to a large-scale electronic surveillance program run by U.S. intelligence, the report added.

Facebook holds a built-in security system that helps protect your information from hackers but future data leaks is not a sure shot guarantee in its policies.