A black market is a transaction platform, whether real or tangible, in which goods or services are exchanged illegally.
What are the ways to control the black market?
Four ways organizations can prevent PII from becoming a public record for the black market:
- Equip the systems with strong user verification passwords.
- Capture the encryption key.
- Ensure appropriate application policies for date apps.
- Provide staff training on best cybersecurity practices.
The black market is unregulatable to a large extent because it exists without government regulations. Usually due to price control or restriction of goods and services.
The only way to control the black market is to legalize it and control the trade from there.
Hence, these are the ways to control or regulate the black market.
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