The Federal Trade Commission called on data brokers to be more transparent and give users more control over their personal information in a comprehensive report issued yesterday. The 100-plus page document criticizes the industry for operating with what it calls a fundamental lack of transparency One of the data brokers analyzed was found holding information on more than 1.4 billion consumer transactions and 700 billion data elements. The report, a cross-section of nine unnamed data brokers, takes a look at how many of them obtain user information and go on to sell that information for marketing campaigns.
Source: https://threatpost.com/ftc-asking-data-brokers-congress-for-transparency-regulation/106331/