In: Economics
SOLUTION
COMPANY REPORTS ON PRIVACY ISSUES AND HOW IT EFFECTS THEIR LIFESTYLE
Consumer reports believes companies should tell you in simple language about the kinds of personal information they collect and how your information should be shared, sold and used. You should be given clear options to control the collections and use of your data. And you should be confident that the companies are handling your information securely.
Here at consumer reports, we strive to make our own privacy policies clear, concise, and actionable. We listen to our customers, and we take the safety of their data very seriously. In our business relationships with digital companies such as google and other third parties, we follow best practices and strive to always act responsibly. Our ultimate goal is for our practices to reflect the ideal marketplace we want to achieve. While we are not there yet, we will continue to innovate and champion on behalf of consumers.
We believe that for too long, consumers have carried the entire burden of protecting their personal data online. Privacy policies are often drafted with an eye on the company's liability rather than the consumers understanding.
That's why we have advocated for laws to better product your privacy. We need clear rules of the road for companies to safeguard your data and ensure you have a say in how your information is used.
For starters, we need a strong law to help prevent harmful data preachers according to the none profit. Privacy rights clearing house, more than 900 million records have been compromised from more than 5000 data preachers made public since 2005. The details of the rules are still being hammered out and we have urged the FCC to ensure that consumers have the safeguards they need so their private lives won't become an open book.
At the same time we are pressing for rules of the road, we encourage companies to highlight and compete on how they handle their customers data.
Your personal information has tremendous value, and consumers should be able to exercise choice and control over the use of their data. When it comes to the sharing of your information, consumers and companies should have a fair and open exchange, where the benefits and obligations are clear and meaningful to the consumers