Big Data is a term used to describe all the bits of information collected by companies and the government about you.
It’s used primarily by marketers to deliver ads to you as you check your Facebook page , read the latest online news and shop for a new pair of shoes.
However, that same data could be the reason you didn’t get a job, were denied health insurance or failed to qualify for a second mortgage. And that’s one reason why the Federal Trade Commission may step in.
In a speech this week, FTC commissioner Julie Brill proposed “Reclaim Your Name,” a program that would force Big Data brokers, such as Axciom, to be treated the same way as credit reporting companies are under the Fair Credit Reporting Act.
Under Brill’s plan, companies who collect data and those who sell data to third parties would have to provide an easy way for people to find out what data has been collected, correct any errors and decide whether the company can sell the data.
In other words, you, not a faceless corporation, would determine the fate of your data.
The biggest data broker on the planet, Arkansas-based Axciom, will try to beat the FTC to the punch. Â The company claims to have information on nearly 1 billion online users, including 90 percent of all U.S. social profiles, CEO Scott Howe said, as reported by Forbes.
It plans to give consumers access to a “pretty healthy amount” of data, a program that was scheduled to be available by midsummer, but has been delayed. [See also: How Big Data Organizing Netted $15 Million ]
But Axciom’s plan won’t go far enough for the FTC. Despite claims by data collectors and brokers that the information they use as been anonymized, meaning names, addresses and other personally identifiable information has been removed, Brill said that’s not enough.
“Every day we hear how easy it is to reattach identity to data that has been supposedly scrubbed,” Brill said. “NSF-funded research by Alessandro Acquisti has shown that, using publicly available online data and off-the-shelf facial recognition  technology, it is possible to predict — with an alarming level of accuracy — identifying information as private as an individual’s Social Security number from an anonymous snapshot.”
(Brill herself may not be aware of the extremely limited conditions of Acquisti’s experiment, which matched on-campus snapshots to headshots in the Carnegie Mellon student directory. Acquisti then used student biographical data to predict Social Security numbers, which are generally numbered according to region and date.)
Brill wants companies to ensure this doesn’t happen.
“They should do everything technically possible to strip their data of identifying markers; they should make a public commitment not to try to re-identify the data; and they should contractually prohibit downstream recipients from doing the same,” she said.
The Latest Bing News on:
Control of Your Data
- Protect your data: 30 second privacy fixeson May 20, 2022 at 11:31 am
A recent poll revealed about two-thirds of Americans say that they are very or extremely concerned about hacking. And they may have good reason to be.
- ‘You should be in control of your data’, says Apple CEO Tim Cook on privacyon May 18, 2022 at 11:05 pm
Apple Chief Executive Officer (CEO) Tim Cook said that privacy is a user’s fundamental right and that Apple builds it into its products and services. He added that users should be in control of ...
- 5 Ways to Control Your Inventory So It Doesn’t Control Youon May 18, 2022 at 4:01 pm
M anaging inventory is a task that can make or break your small business. With too much inventory, profits suffer and storerooms overflow. With too little, items get back-ordered, ...
- What Are Control Accounts?on May 18, 2022 at 9:59 am
which is where all financial data are pulled from to create financial statements. Using a control account can guard against fraud, particularly if you have someone else maintain the control account.
- The Importance of Uncovering the Value of Your Data is Discussed at Data Summit 2022on May 18, 2022 at 7:00 am
Wednesday's Data Summit 2022 keynotes opened with Laura Sebastian-Coleman, data quality director, Prudential Financial, who discussed 'Data Quality Deniers & What We Learn From Them.' One of the ...
- How much COVID is in your county? New CDC data shows local spread of BA.2on May 16, 2022 at 12:27 pm
The number of new cases being reported every day is up 61% over the past two weeks, according to data analysis by the New York Times.
- TECH GIANTS PROFITING FROM YOUR PERSONAL DATA - BUT INDIVIDUALS CAN GET HUNDREDS OF DOLLARS EACH YEAR BY TAKING BACK CONTROL, SAYS LETALONEon May 4, 2022 at 3:08 am
because once you've sold it you've lost control of it and its profits again… It's time to take back your right to your data. Sign up to the Beta Programme to help make sure your data is only ...
- Take back control: The smart start-ups putting data back into your handson December 31, 2021 at 11:14 am
“Every day there is a new data breach or privacy scandal. You can’t really control and prevent it because security is hard but at Mine we will help you keep your data only where you actually ...
- Keep Control Of Your Data With Two Years Of Private Internet Access VPNon April 11, 2021 at 5:07 am
And sometimes, it’s consumers against both. Fortunately, you’re not without tools to manage your security, and now you can save 72% on Private Internet Access, one of the top virtual private ...
The Latest Google Headlines on:
Control of Your Data
The Latest Bing News on:
Big Data
- Big Data Analytics in Healthcare Market Size Is Expected To Grow At A CAGR Of 12.9% During Assessment Period 2022-2028 | 102 Report Pageson May 26, 2022 at 11:32 pm
“Big Data Analytics in Healthcare Market” Insights 2022 By Types (Software, Service), Applications (Hospitals and Clinics, Finance and Insurance Agencies, Research Organization), Regions and Forecast ...
- China International Big Data Industry Expo 2022 kicked off in Guiyangon May 26, 2022 at 11:25 pm
On May 26, China International Big Data Industry Expo 2022 opened online in Guiyang, according to China International Big Data Industry Expo Organizing Committee. With the annual theme of "Seize New ...
- China International Big Data Industry Expo 2022...on May 26, 2022 at 11:00 pm
GUIYANG, China, May 27, 2022 /CNW/ -- On May 26, China International Big Data Industry Expo 2022 opened online in Guiyang, according to China International Big Data Industry Expo Organizing Committee.
- Big Data In Manufacturing Market to Witness Massive Growth from 2022 to 2028 | IBM, Microsoft, and Accentureon May 26, 2022 at 7:45 am
New Jersey, United States-Big data analytics is a framework for collecting enormous amounts of data in order to do data mining and trend analysis.
- China's world Big Data Expo 2022 to boost global digital economyon May 25, 2022 at 6:34 am
China's Guiyang will hold the 8th fair of the China International Big Data Industry Expo online on May 26, with focus on digital growth and value, displaying avant-garde achievements of global big ...
- Big Data Marketing Market 2022 Key Performance, Top Players, Segmentation, Future Plans and Forecast to 2030on May 23, 2022 at 7:39 am
May 23, 2022 (Alliance News via COMTEX) -- Report Ocean published the latest research report on the Big Data Marketing market. In order to comprehend a market holistically, a variety of factors ...
- BIS Research Study Highlights the Global Big Data in Healthcare Market to Reach $130.13 Billion by 2031on May 23, 2022 at 5:10 am
The global big data in healthcare market is projected to reach $130.13 billion in terms of revenue by 2031 at a CAGR of 13.96%, reveals the premium market intelligence study by BIS Research. The ...
- Global Big Data as a Service Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.comon May 20, 2022 at 7:14 am
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global big data as a service (BDaaS) market reached a ...
- Snowflake's reliance on other companies may end up as a liability as its top rival Databricks moves into another billion-dollar big-data businesson May 19, 2022 at 5:00 am
Orchestration is becoming a crucial battleground for Snowflake as it seeks new areas for growth to fend off rival Databricks.
- Big Data Market is Projected to Grow at a CAGR of 10% during the forecast period, achieving a value of USD 280 Million in 2027on May 19, 2022 at 1:32 am
Big Data Market is anticipated to witness a CAGR of 10% over the forecast period (2020-2027), attaining a value of USD 280 Million by 2027. By component, the solution segment is predicted to witness a ...