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.

From Reuters:

“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.

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, contact us at customerservice@courttrax.com or give us a call: 866-643-7084 (Option 2).

More From Our Blog

Monday June 3, 2024

Top 5 Issues in the Title Industry: June 2024

5 months into 2024 and already the title & real estate industries are under fire […]

Read More

Wednesday May 29, 2024

Top Legal Industry Cases: Update for 2024

The 2024 top cases are shaping up to be a doozy in the United States including […]

Read More

Friday May 24, 2024

West Coast Title Insurance Fraud: 2024 Update

Fraud is off to a quick start in the West Coast and these are the top […]

Read More