RadioShack Can Sell Customer DataAdded: Wednesday, May 27th, 2015
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2015
RadioShack has been out there for more than 90 years, collecting personally identifiable data about millions of its customers, such as social security numbers, emails, home addresses and phone numbers.
The stores held highly sensitive data like SSNs for 2 years, while the less sensitive records were held longer. At the moment, RadioShack is considering to legally sell this data in order to keep creditors at bay. It is most likely that the company will sell emails and addresses, especially 67m customer name and physical mailing address files along with any associated transaction data collected over 5-year period prior to its bankruptcy.
RadioShack indicated that it collected over 117 million customer records, though many of them may appear duplicates. Today technology allows advertisers to look at data sets of that size at scale, so such data is incredibly valuable to marketers who can create and target ad campaigns using it.
Previously, Toysmart, an online toy retailer, also sought to sell similar data after its bankruptcy. At the time, the FTC published a set of guidelines and proposed a very similar set of guidelines for anybody who wanted to purchase the consumer information.
The FTC explains that if a buyer of the information intends to take over the company and run it with its websites and stores intact, it has the right to maintain RadioShack’s databases of personally identifiable information on its customers. In addition, the FTC admitted that the courts should approve the transaction if a high bidder agrees to abide by RadioShack’s privacy policies and give affected customers a heads-up without asking for permission. Thus far, nobody asks the opinion of the consumers.
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Wednesday, May 27th, 2015
|if people know their things or privacy are on the line why involving yourself with such shop or whatever that is and they have millions of customers who just happen to be zombies who don't have the brains if you write it realistically.|
|i'm from the uk and really miss radioshack it was like heaven as a kid you go in and buy all these projects etc for pennies then poof it vanished guess even back then geeks had hater's lol|
|Radioshack was a good place, I used it alot years ago but it has become like a videotape, sad but it is what it is.|
|posted by (2015-05-28 15:53:39)|
|the current ceo/board of directors bled it dry money wise, (as did those before...ty Lynn Robers) now that its in bankruptcy they will sell the silver dollars off a dead mans eyes to rake it in and give it to the exec's as bonus's and severance, meanwhile regular joe blow employes that have been there 30+ years get no severance and are escorted out of the hq building by armed guards (rent a cops since they let all of their in house security go)|
wtg radioshack good job of repaying years of loyalty. hope you execs all rot and burn in the deepest recess's of hell reserved for those full of greed
|Bell in Canada, the company you like to hate, bought Radioshack of Canada and changed the name to The Source. I boycott them as well as Sony for my own principals as I hate companies that are to big to fail and treat their customers like shit. Three companies in Canada rule Cell phones, internet and cable as monopolies. Shaw is Cable and internet in the west. Bell, Rogers,and Telus have split Canada in a three piece pie. With approximately the same amount of customers, which is why Canada is known to have the highest rates in the world.||
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