FTC Warns Data Brokers on Foreign Data Transfers
The Federal Trade Commission (FTC) has issued an alert to data brokers regarding the transfer of consumer data to foreign entities, emphasizing heightened scrutiny over privacy and security concerns. Data brokers, which aggregate and sell personal information about individuals, must prioritize transparency and accountability in their operations, particularly concerning cross-border data transfers. The FTC’s warning comes amidst growing fears that foreign governments may access sensitive data for malicious purposes.
As consumer awareness around data privacy increases, the FTC is urging data brokers to evaluate their practices and ensure compliance with existing laws. Brokers must not only inform consumers about how their information is collected and used but also assess the risks tied to international data exchange. This move signifies a broader commitment to consumer protection and aims to reinforce trust in the data ecosystem, ensuring that individuals’ personal information remains secure, regardless of where it’s managed or stored.
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