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This bankrupt company just auctioned off your personal info

This bankrupt company just auctioned off your personal info
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Radio Shack used to be one of the most popular electronics stores in the U.S., but it has fallen out of favor with customers who prefer to buy most of their goods online at retailers like Amazon. Now, Radio Shack is going out of business and that's bad news for you and me, because the company is selling off customer data to the highest bidder.

According to Hilco Streambank, personal data including over 65 million customers' names and physical addresses, as well as 13 million email addresses, has been made available to the highest bidder.

If you think that sounds fishy, that's because it is. The sale actually violates Radio Shack's privacy policy that states "We will not sell or rent your personally identifiable information to anyone at any time."

Hedge fund Standard General has actually already won the auction for Radio Shack's property, but it's going to have to jump through some legal hoops before it can get its hands on customer information and other assets.

Next page: Is Radio Shack's customer information fire sale legal?
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