New rule could stop sale of your personal information

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New rule could stop sale of your personal information

//business-finance.news-articles.net/content/202 .. ould-stop-sale-of-your-personal-information.html

Published in Business and Finance on Tuesday, December 3rd 2024 at 12:30 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Consumer Financial Protection Bureau is aiming to regulate data brokers that are allowed to sell that personal information.

The article from WTOP discusses a new rule proposed by the Federal Trade Commission (FTC) aimed at protecting consumers' personal data. This rule would prohibit companies from selling sensitive personal information such as Social Security numbers, health information, and precise geolocation data. The FTC's initiative comes in response to growing concerns over data privacy and the potential misuse of personal information. The rule would also require companies to implement stronger security measures to safeguard data and provide consumers with more control over their personal information. This move is part of a broader effort to curb the rampant data trading practices that often occur without explicit consumer consent, potentially reducing the risks of identity theft and other privacy invasions. The proposal has sparked a debate between privacy advocates, who support the measure, and businesses, which argue that it could hinder innovation and data-driven services.

Read the Full WTOP News Article at:
[ https://wtop.com/business-finance/2024/12/new-rule-could-stop-sale-of-your-personal-information/ ]

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