What Price Privacy? The Monetization of Your Personal Information

With each passing year the landscape of privacy looks like in the information age seems to change. More so than in the past, governments and individuals are becoming more aware of just how freely social media platforms and other information technology companies profit off of the personal information of users, without the users seeing anything from the sale of their own data.

That attitude is changing, as a new study from the Technology Policy Institute shows Thompson Reuters review stating:

“People across the board place the highest value on financial information such as bank balance and biometric information such as fingerprint data in particular, and consider location data the least valuable, the study found.

A technology platform, on average, across all people the study assessed, would have to pay consumers a monthly $8.44 to share their bank balance information, $7.56 to share fingerprint information, $6.05 to read an individual’s texts, and $5.80 to share information on cash withdrawals.

By contrast, people wanted to be paid only $1.82 per month to share location data and nothing to be sent advertisements via text messages.”

But while the internet-using public may becoming more wary of what is or might be done with their personal information, the fact that personal privacy is now being assessed by monetary value conjures perhaps a more concerning question: if our privacy now has a sales price, it is there really such a thing as privacy anymore?

And just to remind: CourtTrax never sells access to our users’ information; none of it. We never have, we don’t now, and we never will. Your use of CourtTrax is only yours and your company’s business, no one else’s. At any price.

Questions?
If you have any questions about how CourtTrax handles your personal or company’s information, or if you would like more information about any of our other products and services, send us a message at CourtTrax – Contact Us or give us a call: 866-643-7084 (Option 2).