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Yahoo’s Breach Epitaph

PYMNTS

But in certain situations, you may need more aggressive enforcement,” said Roberta Karmel, a Brooklyn Law School professor. In 2011, publicly traded companies were instructed by the SEC to report attacks that could have a “material adverse effect on the business;” however, there was no strict definition of such events.

Breach 74
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FTC: Facebook Lied To Users About Authentication, Facial Recognition

PYMNTS

The Washington Post is reporting that as part of a milestone settlement against Facebook, the Federal Trade Commission (FTC) is going to say that Facebook lied to users about handling phone numbers and that it misled users about turning off a photo recognition tool. The new board committee will be added to the existing team.

FTC 53
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Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic

PYMNTS

Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug. Such schemes are proliferating as the pandemic and economic hard times make consumers more vulnerable than ever to crooks. As PYMNTS’ Preventing Financial Crimes Playbook recently noted, the U.S.

Bitcoin 93
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Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

PYMNTS

In yet another addition to the “why we can’t have nice things” files, the Federal Trade Commission (FTC) released a report this week indicated that fraudsters love gifts cards to the extent that many are requesting them as a form of payment these days. Problems With India’s Privacy Law. locations at its peak.

Laws 53
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Unprecedented Facebook Data-Sharing Plan Takes Off After Privacy Delays 

PYMNTS

The Electronic Privacy Information Center said in a 2018 letter that the sharing violated Europe’s data-privacy law and Facebook’s obligations under its 2011 Federal Trade Commission (FTC) consent decree. . Some privacy advocates were against the project.

Privacy 64
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FTC Expected To Reveal Details Of $5B Facebook Fine

PYMNTS

The Federal Trade Commission will soon announce the details of a settlement with Facebook over privacy violations, according to a report by The Wall Street Journal on Monday (July 22). The company already has an internal privacy team, and in 2011, it allowed for its privacy practices to be assessed by PricewaterhouseCoopers.

FTC 46
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Facebook Defends Data Sharing Tool As FTC Compliant

PYMNTS

Facebook is defending its data sharing tool, saying it was in compliance with a 2011 privacy agreement with the Federal Trade Commission. According to Bloomberg , the FTC is investigating whether Facebook violated the 2011 law that requires the company to get consent from users before sharing information.

FTC 40