With so many organizations collecting information on the browsing, buying, and viewing habits of the average citizen, utilizing data brokers has become a lucrative opportunity. However, selling and trading customer information unethically violates a number of existing regulations, and the Federal Trade Commission (FTC) has stepped to discourage foul play in the space.
On Aug. 12, the FTC announced it had filed action against two such data brokers, which it says facilitated the theft of $7.1 million dollars by selling financial information to Ideal Financial Solutions Inc., which then charged customers for services without permission.
