Technology

GM to pay $220 million after selling customer Smart Driver data

Summary

General Motors will pay a significant financial penalty following the unauthorized sharing of driving behavior information with data brokers. These brokers passed the information on to insurance companies, which caused insurance costs to rise for certain vehicle owners.

General Motors marketed its Smart Driver system as a way for parents to monitor teen drivers or for adults to track their driving behavior. But in 2024, it emerged that GM had been sharing that data with brokers. Those brokers then sold the data to insurance companies, and some drivers found that their insurance became more expensive as a result.…

Source: Read the full story at Ars Technica - All content

Follow Tech & Money Press for daily watchlists and market news

XFacebookInstagramTikTok
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.
About UsContactPrivacy PolicyDisclaimer
Not financial advice. Curated headlines link to their original publishers.