A Sobering

A Sobering, Scary Question: Who Has Your Data?

A Sobering, Scary Question: Who Has Your Data?

When Wal-Mart (WMT) agreed to purchase online retailer Jet.com for $3.3 billion recently, it marked not only the largest acquisition of an e-commerce company, but also a momentous transfer of consumer data. As companies, like Wal-Mart, take over businesses, and as corporations sell the user databases at dizzying rates, you might ask a very sobering question: "Who has my data?"

"Consumers hardly have any control over sharing, flow and usage of their data," says Paul Kubler, a digital forensics and cyber security examiner at LIFARS, a digital forensics and cybersecurity intelligence firm in New York City.

RATE SEARCH: Get your credit report and score today, free and with no obligation, at myBankrate.

Even though most people safeguard their passports, lock up their Social Security cards and shred old credit cards, their data is out there in the internet world -- and in many cases -- in places they'd never anticipate.

What Happens With Your Data

Read Also:
IT Innovators: Developing a Data Exit Strategy—What’s Your Next Move in the Cloud?

In acquisitions and mergers, while data is usually integrated into the purchasing company's already existing systems, according to Kubler, what actually happens differs based on what the acquiring company's plans are.

"While sensitive, personally identifiable data is supposed to be protected (like credit card numbers or passport information), often in merger and acquisitions, it takes some time before the data is -- if ever -- truly integrated into the secure infrastructure," Kubler says. "In many cases, data migration happens after a merger or acquisition is completed."

Most of the time, consumers cannot opt out of their data being transferred by the acquiring company, Kubler says, noting most companies put clauses in their terms and conditions of use, which states that they can give your data to an acquiring company.

That fact is displayed in the fine print -- the type often glossed over or skipped completely by consumers.

If you want to opt out of your data being transferred, things can get a bit tricky and, often, are a major headache for consumers.

Read Also:
Protect Your Business From Catastrophic Data Breaches

"If no such legal statement is in place, (a) motion for opt-out from data transfer can be documented as a request to take down the information.

 



Enterprise Data World 2017

2
Apr
2017
Enterprise Data World 2017

$200 off with code 7WDATA

Read Also:
Google Brain researchers teach AI to make its own encryption

Data Visualisation Summit San Francisco

19
Apr
2017
Data Visualisation Summit San Francisco

$200 off with code DATA200

Read Also:
Data Privacy & Data Science: The Next Generation of Data Experimentation

Chief Analytics Officer Europe

25
Apr
2017
Chief Analytics Officer Europe

15% off with code 7WDCAO17

Read Also:
Cloudera Partners with Docker, Inc. to Provide the First Commercially-Supported Secure Containers

Chief Analytics Officer Spring 2017

2
May
2017
Chief Analytics Officer Spring 2017

15% off with code MP15

Read Also:
Google BigQuery continues to define what it means to be fully managed

Big Data and Analytics for Healthcare Philadelphia

17
May
2017
Big Data and Analytics for Healthcare Philadelphia

$200 off with code DATA200

Read Also:
Data enrichment records for 200 million people up for sale on the Darknet
Read Also:
Mobile is still the safest place for your data

Leave a Reply

Your email address will not be published. Required fields are marked *