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Your Pay Stub Is Probably in the Cloud; Silicon Valley Startup Recommends a 鈥榁ault' Instead - YouTube
Channel: NBC Bay Area
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well the next time you get paid think
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about this the private information on
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your pay stub might be going to places
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you don't expect and your boss knows
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about it consume investigator chris
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kimura has a look at the surprising
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underbelly of the payroll department
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some various startups who want to flip
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it so workers like you have a say
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good evening these companies are quietly
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waging war the tiny numbers on your pay
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stub are their ammunition so tonight
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let's look at why pay stubs are being
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scooped up in bulk and why you're being
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enlisted to fight back
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our photos
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music and movies all those files are in
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the cloud these days what else
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payroll files millions of pay stubs are
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streaming to the cloud daily some see a
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storm brewing up there it's the sale of
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our own personal data that really needs
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to be questioned and protected
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the way it was you'd apply for a car
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loan or mortgage and have to fork over
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pay stubs on paper
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or fax them in then the bank would call
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your boss to verify your income
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today payroll and data companies
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automated those steps online all your
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boss has to do is share every worker's
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pay stub every pay period millions do
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this is all a very hidden process that
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has not really been talked about
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so what does this invisible exchange
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mean for you well look at me i haven't
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applied for a loan in years and yet
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every two weeks my pay stub gets
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uploaded to a third party server where i
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have no control to opt out or delete my
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data some bay area companies are now
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challenging the paystub cloud pavin
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kochar is ceo of one of them a startup
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called surgery in san mateo we're proud
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to be a silicon valley company kochar is
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concerned about identity theft the
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reason for that is because the
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individual is not in the loop the
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biggest pay data service is called the
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work number its owner the credit report
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company equifax says only people like
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loan officers are supposed to look at
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your pay data however it also lets debt
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collectors in equifax says it does
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audits to catch imposters coach rc's a
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weakness she says the solution is giving
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you control of your pay data really it
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should be issued to you directly and now
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it can be surgery says it's reinventing
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the pay stub cloud and here's how a
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service that puts each worker's pay info
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into a personal vault it's like a bank
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safety deposit box at a bank where the
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bank has a key you have the other key
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and without your key the bank could
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never open the lock box it's a very
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similar construct surtree says its
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secure vault gives you total control its
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user agreement even lets you opt out and
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delete your pay stubs from the cloud
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equifax which says it has pay data on
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more than half the u.s workforce says it
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does offer some control you can view
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your file online and see who's accessed
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your pay stubs but it will not opt you
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out
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some companies are switching away we
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partnered with third tree to provide
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that extra layer of protection
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for our employees chantelle bird is with
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manpower the huge staffing company
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manpower used to share pay stubs with a
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big data company but now its workers
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info goes into those safe deposit box
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style vaults at surgery private data and
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just your pii is so critical these days
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and so that that really was the primary
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underlying reason surgery says it signed
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up thousands of employers
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other startups with different ideas to
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give workers paced up control told us
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they've enrolled tens of thousands of
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other companies but millions more
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employers are still sharing pay stubs in
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bulk kochar says workers like you must
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speak up this is something that they
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should and can be vocal about
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let your ceo know let your hr
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organization know
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we recently made a how-to video showing
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you how to see the pay information
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equifax might have on you and who's been
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looking at it you can see that how-to
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video and all of our other installments
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on our website our streaming channels
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and our youtube page just look for the
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how-to playlist
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