This document discusses facts and fictions about big data in three sections. It begins by stating that individuals create large amounts of metadata through smartphone use that is collected and analyzed by companies. However, it notes that big data is often mined poorly to create ineffective algorithms. It then states that big data is automating tasks that previously required manual labor. The document goes on to discuss that while security companies want to analyze big data, they currently lack the capabilities to properly handle its volume and velocity. It also says security developers are not easily extracting value from collected data due to insufficient analysis tools. Finally, it asserts that current analytics technology is not ready-made for security needs because data is often poorly indexed.