Dashboard Act Forces Companies to Reveal Data Practices
In an effort to tighten data storage practices and data breaches, a bipartisan legislation introduced by Sens. Mark Warner, D-Va., and Josh Hawley, R-Mo, Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data (DASHBOARD) Act, will require data harvesting companies such as social media platforms to tell consumers and financial regulators exactly what data they are collecting from consumers, and how it is being leveraged by the platform for profit.