Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

FTC hits up 9 data brokers for info on how they collect and use private data

Michael Cooney | Dec. 19, 2012
The Federal Trade Commission today said it orders to nine data brokerage companies to report how they collect and use data about consumers.

Also this year the FTC called on the data broker industry to improve the transparency of its practices and set forth what the agency called "a voluntary framework of best practices for businesses based on the concepts of privacy by design, consumer control, and increased transparency for the collection and use of consumer data." The FTC said that while data brokers collect, maintain, and sell a wealth of information about consumers, they often do not interact directly with consumers. Rather, they get information from public records and purchase information from other companies. As a result, consumers are often unaware of the existence of data brokers as well as the purposes for which they collect and use consumers' data.

 

Previous Page  1  2  3 

Sign up for CIO Asia eNewsletters.