Acxiom CEO says data industry bracing for regulation [Reuters]
ACXIOM (ACXM)
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Source: Reuters
Acxiom CEO says data industry bracing for regulation | Reuters 3 Min Read SAN FRANCISCO (Reuters) - Companies that buy and sell consumer data are preparing for increased scrutiny from U.S. lawmakers after a scandal over how social network Facebook handles personal information, Acxiom Corp’s chief executive said on Friday. Scott Howe told Reuters in a phone interview that Acxiom, among the largest U.S. data brokers, welcomed change and supported regulation of some kind, although he stopped short of endorsing a specific plan or greater powers for the Federal Trade Commission (FTC), the primary U.S. regulator of data privacy. Facebook Inc, which uses personal data to sell targeted ads but does not sell data, caused an uproar last month when it said political consultancy Cambridge Analytica, whose clients have included President Donald Trump’s 2016 campaign, had wrongly harvested the information of millions of users. Acxiom and competitors such as Experian PLC were indirectly affected by
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