Is your smartphone spying on you?

[Bullitt]

I believe it is just smart phones, but there may be some form of it on normal cell phones as well since they claim this is intended for network usage management and maintenance. Personally, I'm unnerved at the fact that this service can track all of my login information, regardless of secure or encrypted connections because it is physically on the phone itself. Case in point, mobile banking applications from which I can access accounts. Not good. And as benevolent as they may claim they are being with this information, I am truly disinclined to trust them based on the fact that this has been going on for years and is just now coming to light. And not through their own good will/transparency to the consumer, but by more or less being exposed by consumers with technical know-how to find it in the first place.