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Re: Chrome 32 for Android update for data compression feature cuts data nearly 50%
This link below tells how they do this compression by routing all your HTTP traffic data through Google servers to get the compression. (The feature is disabled for HTTPS and “Incognito” mode traffic, though). However I think it doesn't affect my Banking Apps that aren't using Chrome.
"This is concerning for some users, now more sensitive to potential privacy issues. But Google has said previously that while requests are logged, headers and cookies are stripped out, and the webpage content is cached, but not logged. Most importantly, Google says the logs are not associated with your Google account and the entire log entry is removed within six months. These details were noted in a Chrome privacy whitepaper last updated in November. "
Google Adds Optional Data Compression Feature To Chrome For Mobile, Reducing Your Data Usage By Up To 50%