General Motors data collection and sharing controversy: Difference between revisions
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GM has developed multiple revenue streams from consumer data: | GM has developed multiple revenue streams from consumer data: | ||
#'''Direct Sales''': Between 2015 and 2024, GM sold data to Verisk Analytics and LexisNexis Risk Solutions, receiving multi-million-dollar, lump-sum payments | #'''Direct Sales''': Between 2015 and 2024, GM sold data to [[Verisk Analytics, Inc.|Verisk Analytics]] and [[LexisNexis Risk Solutions]], receiving multi-million-dollar, lump-sum payments | ||
#'''Ongoing Revenue''': The company earns "royalty payments" from data brokers based on subsequent license sales to insurers | #'''Ongoing Revenue''': The company earns "royalty payments" from data brokers based on subsequent license sales to insurers | ||
#'''Volume Incentives''': GM receives guaranteed annual payments when providing data from a threshold number of vehicles.<ref name="texaslawsuit" /> | #'''Volume Incentives''': GM receives guaranteed annual payments when providing data from a threshold number of vehicles.<ref name="texaslawsuit" /> | ||
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The suit seeks civil penalties and restitution for affected consumers, as well as requirements for GM to delete collected data and implement clear opt-out mechanisms.<ref name="texaslawsuit" /> | The suit seeks civil penalties and restitution for affected consumers, as well as requirements for GM to delete collected data and implement clear opt-out mechanisms.<ref name="texaslawsuit" /> | ||
As part of a $12.75 million lawsuit, on January 16, 2025, the FTC banned GM from sharing driving data with consumer reporting agencies for five years.<ref>{{Cite web |date=8 May 2026 |title=General Motors to pay $12.75M to settle consumer protection lawsuit |url=https://www.nbclosangeles.com/news/local/general-motors-to-pay-12-75m-to-settle-consumer-protection-lawsuit/3888298/ |url-status=live |archive-url=https://web.archive.org/web/20260510060801/https://www.nbclosangeles.com/news/local/general-motors-to-pay-12-75m-to-settle-consumer-protection-lawsuit/3888298/ |archive-date=10 May 2026 |access-date=2 July 2026 |website=NBC Los Angeles}}</ref><ref>{{Cite web |last=Veiga |first=Alex |date=16 Jan 2025 |title=FTC bans GM from sharing driving data to settle claims that the automaker sold data without consent |url=https://apnews.com/article/ftc-gm-driving-data-insurers-a555abb56a0d5f31afa9b73c3eb48287 |url-status=live |archive-url=https://web.archive.org/web/20250211181839/https://apnews.com/article/ftc-gm-driving-data-insurers-a555abb56a0d5f31afa9b73c3eb48287 |archive-date=2025-02-11 |access-date=2 July 2026 |website=AP News}}</ref> | |||
==See Also== | ==See Also== | ||