I haven’t used this new tool yet but it does sound promising. The Center for Identity, a research organization at The University of Texas at Austin, today released PrivacyCheck, a free browser extension that scans privacy policies online and illustrates the risk of sharing personal data with any given company. Currently available for Chrome users, PrivacyCheck gives users a simple, fast way to make informed decisions about privacy.
PrivacyCheck automatically provides a graphical, at-a-glance summary of the ways in which a company plans to use personal data. The browser add-on scans lengthy privacy policies and rates the usage policies by highlighting easy-to-understand risk levels (shown in green, yellow or red) of 10 factors affecting a consumer’s identity security and privacy.