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A data broker sold loan info to scammers. Now the FTC is suing

A data broker sold loan info to scammers. Now the FTC is suing
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Shadowy data brokers have quietly been trying to sell your information to the highest bidder for years. And, really, the FTC has never cared all that much. A shocking breach of privacy has caused them to sue LeapLab.

LeapLab bought applications submitted to payday lenders. Data in-hand, the company went straight to marketers who, security researcher Brian Krebs says, "Had no legitimate need for it."

That's not all. Here's the part of this story that made the FTC furious, in its own words:

At least one of those marketers, Ideal Financial Solutions – a defendant in another FTC case – allegedly used the information to withdraw millions of dollars from consumers’ accounts without their authorization.

LeapLab might have sold your data to identity thieves. Some company, huh?

Next page: How to stay safe on the next page.
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