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Data Brokers and the Sale students DataPrivacy and Policy Implications and How Students Feel About ITB Alistair Simmons July 2023Overview: This report investigates the protection and vulnerability of student data within
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Data brokers are companies that collect, analyze, and sell consumer data to other businesses. The data brokers and form refer to the requirement for data brokers to file a form with the relevant authorities, providing information about their data collection and selling practices.
Any company or organization that operates as a data broker, collecting and selling consumer data, is required to file the data brokers and form. This includes both large corporations and smaller businesses involved in data brokering.
To fill out the data brokers and form, data brokers must gather information about their data collection activities, including the sources of data, types of data collected, purposes of data usage, and entities to which data is sold. They then need to provide this information accurately and comprehensively in the designated sections of the form.
The purpose of data brokers and form is to increase transparency and accountability in the data broker industry. By requiring data brokers to file this form, regulators and consumers can gain insight into data collection practices, potential privacy risks, and the extent to which consumer data is being traded.
Data brokers are typically required to report information such as: company name and contact details, sources of data collection, types of collected data (demographic, behavioral, etc.), purposes of data usage (marketing, analytics, etc.), categories of entities data is sold to, and any additional relevant details as specified by the regulatory authorities.
The specific deadline to file data brokers and form in 2023 may vary depending on the jurisdiction and regulatory requirements. It is essential for data brokers to check with the relevant authorities or regulatory bodies to determine the exact deadline for filing in their specific jurisdiction.
Penalties for late filing of data brokers and form vary depending on the jurisdiction and regulatory framework. Potential penalties may include monetary fines, sanctions, or other legal consequences. It is important for data brokers to adhere to deadlines to avoid penalties and maintain compliance with relevant regulations.
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