19 May 2021

FTC Expectations For Corporate Board Level Oversight of Cybersecurity

The Federal Trade Commission (FTC) has published expectations for corporate board level oversight of cybersecurity. They advise every member of every board: “Don’t underestimate your role in data security oversight”. This post provides insights for OODA members on what this new guidance may mean for the future of board operations.

Read More
16 Feb 2021

Cybercrooks Rake in $304M in Romance Scams

Romance scams have been the most successful fraud method for cybercriminals, according to the Federal Trade Commission. In 2020, romance schemes swindled unsuspecting victims out of a record $304 million, up 50% from 2019. The scams spiked during the Covid-19 pandemic, with fraudsters taking advantage of loneliness during quarantine protocol.

Read More
10 Nov 2020

Zoom Settles with FTC After Charges it Misled Customers

The Federal Trade Commission (FTC) announced that it had reached a settlement with web conferencing company Zoom after the FTC alleged that Zoom misled its users by offering a false sense of security whereas they practice poor security measures. One of the features in question was the security issues in

Read More
14 Apr 2020

US consumers report $12M in COVID-19 scam losses since January

Today, the US Federal Trade Commission (FTC) stated that $12 million has been lost to COVID-19 themed scams. The FTC analyzed more than 16,000 COVID-19 related consumer reports the agency has received since January 2020. The median consumer loss was $570, according to the agency. California reported the most complaints

Read More
10 Dec 2019

FTC: Cambridge Analytica Deceived Facebook Users

The FTC has ruled that Cambridge Analytica deceived tens of millions of Facebook users by harvesting their personal data. The FTC recently confirmed the allegations made in July, stating that the company aimed to influence the 2016 elections. The FTC stated that the app specifically told users that it would

Read More
10 Dec 2019

‘Government Imposter’ Scammers Pay $1.2 Million in FTC Settlement

A settlement with the Federal Trade Commission requires three companies controlled by Thomas Henry Fred Jr. to pay $1.2 million for their involvement in a government imposter scheme, as well as a ban on sending further unsolicited direct mail to businesses. The campaign involved mailing thousands of business letters meant

Read More
24 Oct 2019

FTC Issues Guidance On Protecting Against SIM Swap Attacks

The US Federal Trade Commission (FTC) is warning people about SIM swapping attacks that aim to assign the phone number of a victim to a SIM card controlled by the attacker. The threat actor can subsequently use this phone number to obtain access to email and other user accounts of

Read More
23 Oct 2019

FTC bars company from selling “stalking” apps

Software developer Retina-X Studio is no longer allowed to sell three of its apps designed for monitoring employees and children, because the “stalkerware” applications are often used by cybercriminals to spy on users without their consent, the US Federal Trade Commission (FTC) determined on Tuesday. The FTC wants the company

Read More
18 Oct 2019

New US Privacy Bill Would Intro Jail Time for CEOs

Democratic US Senator Ron Wyden has introduced new privacy legislation that aims to establish a national “Do Not Track” system empowering users to prevent organizations from tracking their online activities and profiting off of their personal data. Under the bill, companies who violate user privacy could receive fines of up

Read More
05 Sep 2019

Google and YouTube part with $170 million to settle alleged violations of kid’s privacy

Google and YouTube have agreed to pay $170 million to settle a lawsuit filed by the US Federal Trade Commission (FTC) and New York Attorney General over the tech firms’ alleged violations of the privacy of children. The FTC and New York Attorney General have accused YouTube and its parent

Read More