The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Asian shares fall as investors brace for inflation report

  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • South Korean won, Philippines peso lead losses among subdued Asian currencies

Brokers
Home›Brokers›Bipartisan Senate legislation seeks to bar data brokers from selling military personnel lists to U.S. adversaries

Bipartisan Senate legislation seeks to bar data brokers from selling military personnel lists to U.S. adversaries

By Megan
June 1, 2022
14
0
Share:

© Shutterstock

New legislation introduced by U.S. Sens. Elizabeth Warren (D-MA), Bill Cassidy, M.D. (R-LA), and Marco Rubio (R-FL) last week sought limits on the sale of private data by banning data brokers from selling military personnel lists to U.S.-dubbed adversarial nations.

Citing national security, the trio produced the Protecting Military Service Members’ Data Act of 2022 to grant new enforcement powers to the Federal Trade Commission (FTC). It would include the added limitations as an extension of the FTC’s abilities to crack down on unfair or deceptive practices.

“The business model of data brokers threatens the safety, privacy, and civil liberties of Americans, including service members,” Warren said. “We can’t allow Big Tech companies and other data brokers to exploit sensitive data for profit, and this legislation would help regulate the industry to protect servicemembers’ personal information.”

Current law, Cassidy added, lacks common sense because it allows others to buy up sensitive data and use it to inflict national harm. With the expansion of the internet and all things digital over recent decades, data brokers’ power and reach has grown significantly, with largely free reign to buy and sell information on private citizens to whomever they wish, for whatever purpose. This includes military personnel whose identity, addresses, political beliefs, and lifestyle choices are fair game for sale at home or abroad.

“It is common sense to prevent big data companies and shady brokers from selling information about our military personnel to countries that could use that information against us,” Rubio said. “This bill would protect the privacy of service members and mitigate this national security risk.”

The bill would open the possibility of expanding this crackdown beyond soldiers. It would empower the FTC to include other relevant vulnerable groups as it sees fit. For the moment, if passed, the bill’s authors would like to see bans applied to sales to China, Russia, Iran, and North Korea.

Source link

Previous Article

Stock futures rise as new month of ...

Next Article

Interactive Brokers Group to Present at Piper ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Brokers

    Pricing, Broker, Jumbo, Fee Collection Products; STRATMOR Survey; Investor ARM News

    June 21, 2022
    By Megan
  • Brokers

    Court bars Alliant brokers from soliciting former clients at Willis

    July 8, 2022
    By Megan
  • Brokers

    Brokers Offer Predictions for Travis Perkins plc’s FY2022 Earnings (OTCMKTS:TVPKF)

    July 4, 2022
    By Megan
  • Brokers

    NSE Case: CBI raids brokers, traders in NSE case

    May 22, 2022
    By Megan
  • Brokers

    Cryptos Seed Review – What Makes This Broker Stand Out (2022) –

    May 25, 2022
    By Megan
  • Brokers

    Judge Rules in Favor of Securities Broker-Dealer on Application of New York Broker-Dealer Sourcing | Blank Rome LLP

    May 19, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Australian Economy

    Reserve bank keeps interest rates on hold and ends stimulus as Australian economy recovers | Australian economy

  • Brokers

    The International Business Brokers Association Recognizes Eastern North Carolina Business Brokers

  • Gold and Precious Metals

    Trading and Investing Not Hurt by Economic Slowdown

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 10, 2022

    Asian shares fall as investors brace for inflation report

  • August 10, 2022

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • August 10, 2022

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • August 10, 2022

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • August 10, 2022

    South Korean won, Philippines peso lead losses among subdued Asian currencies

Best Reviews

Latest News

Stock Shares

Asian shares fall as investors brace for inflation report

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • South Korean won, Philippines peso lead losses among subdued Asian currencies

    By Megan
    August 10, 2022
  • Recent

  • Popular

  • Comments

  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Stock Shares

    Asian shares fall as investors brace for inflation report

    People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • Gold and Precious Metals

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) and Maison Luxe (OTCMKTS:MASN – Get Rating) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the ...
  • Stock Shares

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    Asian markets started on a negative note following a retreat in Wall Street. This was mostly due to the caution ahead of US inflation data that will shape nvestor expectations ...
  • Australian Economy

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    How Reserve Bank boss getting LAUGHED at on the world stage will radically change Australia’s economy The Australian Bureau of Statistics is trialing a new monthly inflation data series Reserve ...
  • Currencies

    South Korean won, Philippines peso lead losses among subdued Asian currencies

    BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.