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What Happens to Your Sensitive Data When a Data Broker Goes Bankrupt?

"The prospect of this data, including Near’s collection of location data from sensitive locations such as abortion clinics, being sold off in bankruptcy has raised alarms in Congress." As it should - although, of course, fire sales are not the only way this data gets sold and transferred.

When a business goes under, its assets are usually put on the market, either to a sole acquirer or piecemeal. For a data broker, those assets include personal information for potentially millions of people.

The only real way to stop this is to prevent it from having been gathered in the first place. Putting controls on data transfers in a fire sale is good, but preventing it from being aggregated and centralized is better. Otherwise, inevitably, it will be misused at some point during its life.

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