Why companies may sell your data to third parties

  • 📰 kgun9
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Although legitimate companies will buy data for advertising purposes, sometimes the data could be used for scams.

Oftentimes, the data is used to try to sell you products you might be interested in. Websites will collect info on which websites you visit or the items you buy online.

They'll also collect information such as your age, gender and location, according to public interest advocacy group U.S. PIRG.“Advertisers can buy your credit card transaction data and see if you're a frequent shopper at, say, liquor stores or fast food restaurants, and they can also see if you stop,” said R.J. Cross, director of the Don't Sell My Data Campaign for U.S. PIRG.

In other instances, U.S. PIRG said the information can be used to take advantage of people's private insecurities and weaknesses. One example U.S. PIRG gives is of diet pill companies targeting users struggling with eating disorders. “I really hate having to tell people to go look at privacy policies, but right now, it's the best place where we can find key information like what companies are getting a hold of our data, and what exactly are they doing with it,” Cross said.

Cross recommends you read websites’ privacy policies. There, you can learn what companies do with their data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 584. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet the companies trying to keep up with ChatGPTFrom Google’s Bard to Microsoft’s new Bing, here are all the major contenders in the AI chatbot space.
Source: verge - 🏆 94. / 67 Read more »

Analysis: Chinese companies hang onto dollars, hedge to prepare for volatile yuanSome Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a fall in the value of the yuan, according to executives, bankers and data analysed by Reuters. Yuanto make money? Ride the dollar. Companies have diversified portfolios, shocker. That's how smart the Chinese are. They can manipulate the currency to balance their books. Our RBA needs to weaken our dollar too
Source: Reuters - 🏆 2. / 97 Read more »

10 AI Development Companies Leading AI Innovation in 2023 | HackerNoonArtificial intelligence is a technology that surprised the world by evolving from a fictional tale in movies to now having a ubiquitous influence in every sphere of human life. - futureofai aitechnology
Source: hackernoon - 🏆 532. / 51 Read more »