Facebook junks project to collect patients' health data: Report
San Francisco, April 6: In the wake of the Cambridge Analytica data breach, Facebook has reportedly suspended a research project where it was in touch with several major US hospitals to collect data about their patients.
According to a report in CNBC late Thursday, Facebook aimed to build profiles of patients and help the hospitals, including Stanford Medical School and American College of Cardiology, figure out which patients may need special care or treatment.
"This work has not progressed past the planning phase, and we have not received, shared, or analysed anyone's data," a Facebook spokesperson told CNBC.
A Facebook statement said: "Last year Facebook began discussions with leading medical institutions to explore whether scientific research using anonymised Facebook data could help the medical community advance our understanding in this area.
"The project could have raised new concerns about the massive amount of data Facebook collects about its users, and how this data can be used in ways users never expected."
Facebook, however, told The Verge that the patient data would instead be used more generally.
"The project would not attempt to provide health recommendations for specific people. Instead, the focus would be on producing general insights that would help medical professionals take social connectedness into account as they develop treatment or intervention programmes for their patients," a Facebook spokesperson was quoted as saying.
Facebook has admitted that information of up to 87 million people, mostly in the US, may have been improperly shared with the British political consultancy firm Cambridge Analytica.
Private data of over 5.6 lakh Indian Facebook users was also compromised by a private marketing firm that later sold the personal details acquired through a quiz app to Cambridge Analytica.
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Binny Bansal steps down from board of PhonePe
New Delhi, Nov 22: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said in a release.
"PhonePe also announced that Flipkart's co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then," the release said.
Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, "I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!"
Nigam further said that Sabharwal's depth of understanding of India's macro economy, coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards shared vision of a Viksit Bharat by 2047.
Sabharwal is Vice-Chairman of Teamlease Services, India's largest staffing and human capital firm.
Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).
