Isn't that a bit like saying Facebook is just a collection of forwards from Granny? The compilation of raw materials into a coherent whole has a larger value than the existence of the raw materials.

So?

It's exactly the same as Wikipedia; yet nobody calls Wikipedia a "sensitive database."

I mean "So?" from a privacy standpoint, from a business standpoint it's an issue for Dow Jones.

Wikipedia is a sensitive database.

Mostly the sensitivity is in controlling write access rather than read though.

This database is the equivalent of a collection of terrorists' Wikipedia page. That's not a "sensitive database."

It's not where the data came from that's interesting, it's the the fact the list exists, who's on it and that it's being used to identify people that you may not want to start a business relationship with.