Electronic Privacy Information Center discusses unregulated data broker industry
What happened
The Electronic Privacy Information Center discussed state data protections on November 5th. The Center noted that data brokers collect, analyze, and sell personal information from various sources, often without regulation. The industry, which processes and aggregates information to create inferences about individuals, is estimated to be valued at $200 billion.
From wgal.com
Why it matters
The discussion highlighted that the data broker industry is largely unregulated, creating privacy concerns for consumers. The value of personal information varies widely, with basic details selling for as little as $0.05 to $0.50, while detailed information can fetch between $1 and $5.
From wgal.com
Who's involved
- Electronic Privacy Information CenterAmerican private research institute discussing data protection issues related to state governance in Vermont
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- VermontSpeculative
Consumers might face increased costs related to identity theft or security measures due to the sale of sensitive personal information.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Data privacy advocacy may prompt changes to Texas's data broker lawsData privacy advocacy may prompt changes to Texas's data broker lawsPossible
- Data privacy concerns may prompt FTC to address data broker practicesData privacy concerns may prompt FTC to address data broker practicesPossible
- Google may face higher compliance costs amid state data protection focusIncreased focus on state data protections may raise compliance costs for GooglePossible
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The entities involved
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Vermont
state of the United States of America
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Electronic Privacy Information Center
American private research institute (1994-)