Comment The problem is the data itself (Score 1) 39
As long as data is collected and stored it has the potential for abuse. It doesn't matter if it's held by private companies or a centralized agency. People are by nature corrupt and whoever has access can be compelled through any variety of ways to cooperate with nefarious intentions. Be it by governments or corporate conglomerates. The real answer is just say no. Don't give them your data.