The sale and sharing of personal data is prohibited!

A group of politicians gathered today under the leadership of US Senator Elizabeth Warren said that new bans will be introduced against people who make money from the sale of personal data. It has been stated that strict measures will be taken against the sharing or sale of health and location data, except for some very limited conditions.

The sale and sharing of personal data is prohibited!

This legislation, especially against those who will generate financial income from the sale of personal data, will also provide the Federal Trade Commission with a budget of $ 1 billion over the next 10 years to help implement the funds.

This way, state attorneys general and individuals will also have the power to sue and seek injunctive relief. In addition to Elizabeth Warren, supporters of the bill include long-time data privacy advocate Ron Wyden and Bernie Sanders, Finance Committee Chairman Patty Murray and Relief Committee Chairman Sheldon Whitehouse.

Caution: Fake apps steal your data!

Caution: Fake apps steal your data!

According to emerging research, hackers access cryptocurrency wallets and personal information through fake applications.

According to the statement, this new law will also prevent companies and government agencies from buying people’s personal data through apps (for example, Android bans a company for allegedly selling location data indiscriminately), surveys and other people. In addition, operators are prohibited from selling location and personal data for advertising and other purposes.

In this way, institutions and companies that want to access location and health information will now need to obtain a special permit. However, it is stated here that no permission will be allowed except for very limited and compulsory reasons. Of course, it is not yet known how this law will affect companies and institutions that say they process data internally (like Facebook) and sell data, not information, to outside.

But there are many methods of obtaining personal data. For the simplest example, when signing up for any site, it is necessary to tick the box as “I have read and understood” during registration. However, many people also click on a box like “I consent to the sharing and processing of my personal data”, which is not mandatory. So people have to be a little bit careful here.

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