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While legislation would be ideal to cover these scenarios, it’s very unlikely our elected officials will be able or willing to stand up for the privacy rights of their constituents. Do we want it sitting on some laptop in an abandoned San Francisco loft that was headquarters to the once hot but now defunct dating, messaging, or same-day delivery app run by a bunch of brogrammers who never thought about protecting that data correctly in the first place? It’s one thing for someone to know that I bought batteries and coaxial cables from RadioShack 10 years ago, but what happens when a company that tracks our every move both online and in the physical world shuts down? What information do they possess about us now? Not only do they know where we live or work, but they may also know who we spend time with, what medications we take, and what routes our kids take to school each day.ĭo we really want this information being sold to the highest bidder? Or worse. This is even more critical as companies playing in the “sharing economy” start to fail.
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So it’s about time we pass legislation requiring that all personally identifiable information possessed by a company going through bankruptcy or acquisition be destroyed rather than treated as an asset that can be sold off to extract the most value for investors and creditors, or left unprotected from hackers. RadioShack isn’t the first company, nor will it be the last, to include sensitive customer data in the assets it tries to sell to pay off creditors. However, for people like me who believe that personal data should not be owned by anyone other than the individual that data is about, we can’t count on individual court decisions to rule in favor of privacy in each case. This is a big win for former RadioShack customers specifically and consumer privacy advocates in general.
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Email addresses of customers who downloaded product information over the past two years can be used, but even those people will be able to opt out before that information is transferred to the new owner. However, the judge ordered that at least 50 million of those customer files to be destroyed and that credit-card data, Social Security numbers, dates of birth, phone numbers and other personally identifying information be removed from the remaining records.
RADIO SHACK GOING OUT OF BUSINESS COMMERCIAL FULL
Standard General, which has also taken over approximately 1,700 RadioShack locations, had originally sought full access to the records of 117 million RadioShack customers.