Why the FTC is cracking down on location data brokers
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 1 February 2024
⏱️ 11 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | NPR. This is the indicator from Planet Money. I'm Waylon Wong. |
| 0:14.6 | And I'm Darren Woods. The Federal Trade Commission is cracking down on companies that handle |
| 0:19.5 | sensitive location data. The market for location data is this multi billion dollar |
| 0:24.5 | industry and the FTC is particularly concerned with data linked to |
| 0:29.2 | places like medical facilities. The agency is going after companies that it believes are collecting this |
| 0:34.8 | information via mobile apps often without users knowledge or direct consent. |
| 0:39.5 | And last month the FTC reached its first settlement with what's called a location data broker. |
| 0:45.2 | This is a company that collects and sells digital information about people's whereabouts. |
| 0:49.6 | Scary stuff and so back in 2022 we covered how mobile location data is gathered sold and used |
| 0:55.8 | After the break we'll have an update to that episode including a conversation |
| 1:01.2 | with an FTC lawyer who worked on this milestone privacy case. |
| 1:05.8 | He tells us what message he hopes to send to the industry. This message comes from NPR sponsor SAP Concur. |
| 1:16.2 | Stuart McClain, CFO of Brother UK, shares how SAP Concurs Audit and Expense tool supports their work across multiple offices. |
| 1:26.4 | Across Europe we have a presence in 17 countries which obviously involves 17 different |
| 1:31.6 | tax regulations, 17 different fiscal authorities, you know, and this |
| 1:35.9 | makes life complicated for us. |
| 1:38.6 | But actually with SAP concur, we're able to configure the system correctly for each of those countries. We're able to configure the system correctly for each of those countries. We're able to |
| 1:44.5 | configure the audit rules correctly for each of those countries. So actually it |
| 1:48.4 | gives us a lot of efficiency and good governance as well. So actually for us a solution like SAP concur makes life so much easier. |
| 1:55.6 | Otherwise we'd be forever checking back to regulations, checking back to documentation. |
| 2:00.9 | Those are automatically updated in the system for us so that's you know it's a big |
| 2:04.7 | tick in the box from a governance perspective and an efficiency perspective as well. |
... |
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