"As the saying goes: if it seems too good to be true, it probably is." "If you didn’t have to pay money to use an app, you pay with your personal data and privacy instead," the group said. Lyka's privacy policy notes that it may "disclose users’ personal information to actual or potential buyers in the event of a merger or acquisition of any part of Lyka’s business," CPU warned. "Information relating to such transactions (including, but not limited to, the types and specifications of the goods, pricing and delivery information, any dispute records and any information disclosed in any discussion forum) may be collected when transactions are conducted on or facilitated through the Platform."
"We record details of users’ activities on the Platform including but not limited to items they liked," it read. including but not limited to IP addresses, browsing patterns, buyer behavioral patterns and equipment information" are among the data gathered by the app, Lyka said in its terms and conditions. Should a person decline to provide these details, they "will not be able to register an account and use our mobile app." "In future updates, we may also require you to submit relevant information about your business, income, profile, government registration, and bank account," it said.
"If you are registered as a celebrity or verified account, in addition to the information mentioned above, we may also require you to submit proof of identity such as a valid government issued identification card and/or selfie photos," the privacy policy read. In its privacy policy, Lyka tells users that "privacy is highly important" and that they would "not gather more information from you than is necessary for us to provide you with our services." "Since there’s no transparency as to who will have access to our personal data, users will not have visibility over how data will be handled, enabling Lyka and its partners to do whatever they please with the data they amassed," it said. "Since engagement becomes the primary way to earn GEMs, this incentivizes people to share more and more information on the platform," the Computer Professionals' Union (CPU) said in a Facebook post. Some tech organizations in the country, however, have been warning against Lyka's privacy issues, saying users "may just end up as unwitting subjects for a large-scale market research." "Right now if you buy GEMs, you get 5 percent bonus on top of it," she said.Īs of February, the platform's users have been discussing "farming tricks" which allegedly allows them to "covert" Lyka GEMs into cash that can be deposited into some mobile banking apps. "From what I understand, one of Lyka’s aims is to establish their own digital currency," Cruz said.
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