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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.

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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.

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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.

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Google Could Be In Hot Water Again Over Location Tracking

PYMNTS

Google could be hit with a class-action lawsuit and calls for the Federal Trade Commission (FTC) to investigate its location tracking initiatives. That prompted an individual in San Diego to launch a lawsuit against Google , while activists are wondering if the practices violate the company’s 2011 agreement with the FTC.

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FTC: Fair Credit Reporting Act Still Top Priority

PYMNTS

The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. FCRA enforcement continues to be a top priority for the Commission.

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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.

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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.

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