Which of the following became the first state to pass a law specifically regulating the practices of data brokers?
Which of the following became the first state to pass a law specifically regulating the practices of data brokers?
Vermont became the first state in the United States to pass a law specifically regulating the practices of data brokers. The legislation requires data brokers to register with the state and adhere to certain regulations to better ensure the protection of consumer information.
Vermont it is.
Vermont Passes Data Broker Law – First in US! Vermont became the first state in the nation to pass data broker legislation, regulating the commercial businesses that buy and sell personal information of consumers. The new law passed requires data brokers to register with the state and pay a $100 annual fee, among other important things What is a data broker (information broker)? A data broker, also called an information broker or information reseller, is a business that collects large amounts of personal information about consumers. The broker also analyzes and aggregates the collected data, and then sells or licenses the information to third-party individuals or organizations. Those third parties use the purchased information for marketing, risk mitigation, fraud detection and other purposes.