01 Aug 2019

FTC on Equifax settlement: Take credit monitoring over cash

The US Federal Trade Commission (FTC) on Wednesday advised people impacted by the 2017 Equifax breach to apply for 10 years of free credit monitoring instead of a cash payout, because it is unclear how much money they would get if they pick the latter, but due to the high

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25 Jul 2019

Facebook Set For Major Privacy Overhaul Following Fine

Facebook has pledged to take a wholly different approach to security and privacy following the record $5 billion fine the Federal Trade Commission (FTC) recently imposed on the tech giant for violating the privacy of users in the context of the Cambridge Analytica scandal. While privacy advocates have expressed doubt

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23 Jul 2019

What you should know about the Equifax data breach settlement

Equifax will pay a minimum of $575 million, and potentially up to $700 million for failing to properly protect people’s data, the company has agreed as part of a settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), 48 states, the District of Columbia and Puerto Rico.

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16 Jul 2019

Privacy Experts: Facebook’s $5B Fine Unlikely to Do Much

The United States Federal Trade Commission (FTC) has fined Facebook a record $5 billion for violating the privacy of users in the context of the Cambridge Analytica scandal, which saw Cambridge Analytica harvest the personal data of millions of Facebook users without their consent. But even though the fine is

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03 Jul 2019

D-Link Settles FTC Lawsuit, Promises to Enhance Device Security

As the result of a settlement with the US Federal Trade Commission (FTC), Taiwanese tech giant D-Link will have to implement a comprehensive program to ensure the security of the routers, smart cameras and other Internet-of-things (IoT) devices produced by the firm. The FTC sued D-Link in 2017, arguing that

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25 Apr 2019

Facebook May Face $5 Billion FTC Fine for Data Misuse

Facebook expects that the Federal Trade Commission (FTC) may slap a fine of $3 to $5 billion on the social media giant once it wraps up its investigation into the company’s data protection and privacy practices. Facebook has already reserved $3 billion to pay potential fines. While the FTC investigation

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12 Feb 2019

Coalition of State Attorney Generals Urge FTC to Update Identity Theft Rules

In a joint letter(PDF) to the Federal Trade Commission (FTC), 31 US state attorneys general are urging the FTC to “update its current Identity Theft Rules to help banks and creditors keep up with new and ever-changing technology to stop identity thieves in their tracks.” The coalition of state attorneys general believe that

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