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Privacy – Many firms sell collected data

This article shares an awareness to keep high standards in safeguarding privacy at every website you are a member of (e.g., Facebook, Twitter, email, etc.)

http://redtape.nbcnews.com/_news/2012/12/19/16023208-angry-with-instagram-these-invisible-data-brokers-sell-your-privacy-every-day

QUOTE: Instagram’s abrupt change of terms this week created a predictable Internet chatter bomb, as Web users erupted in anger that the firm might violate their privacy and property rights. Sadly, there is no such outrage at companies which buy and sell our privacy as their business model — and much less interest in promising efforts to rein them in.

What do they know about you and when did they buy it? The Federal Trade Commission this week joined a series of other agencies, groups, and elected officials now banging on the door of the nation’s largest data collection firms, demanding to know just how much of U.S. consumers’ lives are tracked by these firms. Firms you’ve probably never heard of with names like Axciom, Intellius, Datalogix, and RapLeaf acquire, store, and sell hundreds of pieces of information about you to voracious marketers hungry for an advertising edge.  On Tuesday, the Federal Trade Commission announced it had opened an inquiry into the business practices of those four firm and five others like them.

“Many data brokerage companies are engaging in business practices without consumer knowledge or consent — including the collection, use, and sale of personal information about the American public,” said Rep. Ed Markey, D-Massachusetts, in a statement supporting the FTC’s action.

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