Oracle has agreed to pay $115 million (HUF 41 billion) in a class action lawsuit in which the business software company was accused of violating users’ privacy with its data collection practices after it notified third parties of their personal data collected from them. The settlement of the class action initiated two years ago still requires judicial approval.
Oracle routinely denied wrongdoing after plaintiffs accused the company of violating federal and state privacy laws and the California Constitution by creating unauthorized “digital files” on hundreds of millions of users, including browsing history. , contained data on their banking affairs, shopping and credit card usage habits.
Oracle then reportedly sold the information directly to marketers, including through products like ID Graph, which the company says helps advertising professionals “design relevant, personalized experiences.”
In addition to the cash, the Texas-based company will no longer collect user-generated information based on the URLs of previously visited websites or text users enter into online forms outside of Oracle’s own websites.
In June, Oracle announced that it would terminate its ad technology business, Oracle Advertising, which in the recent period has been finding it increasingly difficult to comply with stricter data protection rules, including the GDPR, thus causing more and more headaches for the company.
Source: www.hwsw.hu
