A multi-year study has revealed that social networking giants and the wider internet sector are engaging in “mass surveillance” to capitalize on their users’ personal data, the Federal Trade Commission (FTC) has announced. The study released by the watchdog – drawn up following requests made four years ago – covers nine companies and reveals that they collect vast amounts of data, sometimes through other companies, who collect and sell it, and sometimes keep the information in their own files indefinitely. They collect massive amounts of personal data and exploit it commercially, securing billions of dollars The study “sheds light on how social networking sites and video streaming services collect massive amounts of personal data and exploit it commercially, securing billions of dollars annually,” FTC Chairwoman Lina Hahn emphasized in a press release accompanying the study, expressing “deep concern” that many of these companies “are not […]
Source: News Beast
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