Nov 022016
 November 2, 2016  Posted by  Business, Govt, Laws, U.S.

This will not be news to any regular readers, but worth noting that in 2016, this is still unaddressed. David Lazarus writes:

You probably already know that you have precious little privacy, and that shadowy data brokers have built the buying and selling of people’s personal information into a multibillion-dollar industry.

But did you know this: Nobody knows how many so-called list owners and list brokers are operating nationwide. The best guess is tens of thousands.

Or this: These businesses operate largely unregulated, overseen day to day by no official authority.

And if they get things wrong — that is, if there’s ever need to correct files as a result of a death, divorce or similarly life-changing event — there’s pretty much nothing you can do to hold these firms accountable.

Federal regulators find this just as frustrating as consumers.

Read more on CIO Today.

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