PYMNTS

MAY 9, 2019

In a New York Times op-ed on Thursday (May 9), Hughes said it is time for the government to hold Facebook CEO Zuckerberg accountable, arguing that an impending $5 billion fine by the Federal Trade Commission (FTC) isn’t enough punishment for the company. Nor is the idea of appointing a privacy executive to oversee how it handles data.

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PYMNTS

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. 29) they have created a task force to coordinate the inquiries into the data breach at Uber , which the ride-hailing company covered up for a year. Australia and the Philippines are launching inquiries into how Uber handled the data breach. Lawmakers in the U.S.

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PYMNTS

JANUARY 9, 2018

8, in the Federal Trade Commission’s first children’s privacy case involving connected toys, VTech Electronics Limited and its U.S. subsidiary agreed to settle charges filed by the FTC after the incident, according to an FTC press release. The Office of the Privacy Commissioner of Canada collaborated with the FTC under the U.S.

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PYMNTS

MARCH 25, 2016

To put it in terms of things, things are rocky when it comes to security, privacy and the Internet of Things (IoT). The relationship between consumer and connected things breaks down with there’s a privacy or security breach, which inevitably becomes a breach of trust. “It’s Data Ethics By Design”.

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PYMNTS

AUGUST 20, 2019

According to Bloomberg , the Federal Trade Commission has been investigating whether YouTube breached the Children’s Online Privacy Protection Act (COPPA) by using targeted, or “behavioral,” ads on videos that are likely to be watched by children. A spokesperson for YouTube declined to comment, as did the FTC.

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PYMNTS

APRIL 12, 2018

Consumer Watchdog has called on Congress to enact legislation that would protect consumers’ online privacy in the wake of Facebook’s data scandal. Facebook has a longtime record of violating privacy, making a show of apologizing, and then going forward to invade privacy again,” said John M.

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PYMNTS

JULY 23, 2019

Amid privacy concerns, Senate hearings and Libra drama, it’s time for the company to translate it all into their second-quarter earnings report, which is set to publish on Wednesday (July 24). Facebook reached a settlement with the FTC in July, resulting in a $5 billion fine – far over the $3 billion expected.

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PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. Australia and the Philippines are launching inquiries into how Uber handled the data breach. 22), regulators in the U.K.,

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PYMNTS

MAY 21, 2018

A group of progressive advocacy groups, including MoveOn and Demand Progress, is calling on the Federal Trade Commission (FTC) to break up Facebook in the wake of the Cambridge Analytica data scandal. The groups have called on the five members of the FTC to break up Facebook in order to make it safe for democracy.

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PYMNTS

NOVEMBER 14, 2019

Big Tech is under siege about its failure to respect users’ privacy as the House Judiciary Committee’s antitrust subcommittee expressed frustration over the companies’ many acquisitions, Reuters reported on Wednesday (Nov. Several watchdog groups asked the FTC on Wednesday to block the deal.

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PYMNTS

NOVEMBER 27, 2018

Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), Department of Justice (DOJ) and Federal Trade Commission (FTC). after the Information Commissioner’s Office (ICO) ruled that the social media network operator was engaged in “serious breaches of data protection.”.

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PYMNTS

APRIL 2, 2019

The positive call from Deutsche Bank will be welcome news to Facebook , which has been under intense scrutiny following data scandals and privacy breaches. The social media company is facing what could amount to a record fine from the Federal Trade Commission (FTC).

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Federal Trade Commission FTC Privacy Breach 40

Payments Source

JUNE 28, 2018

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

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PYMNTS

DECEMBER 1, 2017

On Thanksgiving morning, Uber-using Americans woke up with two questions: How long do I cook my turkey, and was I one of the 57 million people whose personal data was hacked as part of the Uber breach? At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data.

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Seon

JUNE 1, 2023

According to the FTC via Statista, 2022 saw the loss of $178 million due to check fraud – ranking it even higher than payment app and payment service-based fraud at $163m. You are less likely to be subjected to a financial breach and a data breach if you use copy protection and other protective measures when paying and receiving checks.

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PYMNTS

JULY 15, 2019

Despite the news over the last year or more about its involvement in fake news, election tampering and user data breaches – and even before that about the bullying, live beheadings and murders broadcast and shared on its platform – people still show up at Facebook’s doorstep every single day. The Facebook Friday.

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PYMNTS

APRIL 30, 2018

lawmakers about how his company can better protect its users’ data following the Cambridge Analytica breach. Among the most significant reforms was the General Data Protection Regulation (GDPR), an EU-wide mandate to strengthen the protection measures impacting EU citizens’ personal data and privacy.

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PYMNTS

AUGUST 1, 2017

Google has come under scrutiny by the FTC due to its new advertising program tying consumers’ online actions with later purchases in physical stores. Google said that this approach to advertising is “common” and guaranteed that it was storing users’ data privately, securely and anonymously.

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FTC Encryption Privacy Breach 40

PYMNTS

NOVEMBER 6, 2017

Yet those nine numbers have become a standard bearer for identity verification, a gold mine for fraudsters – maybe rendered moot by the huge breaches at Equifax and other companies. The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise.

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PYMNTS

NOVEMBER 20, 2019

Apple CEO Tim Cook said that privacy is something that needs to be a factor throughout a product’s entire development process. You don’t bolt-on privacy,” Cook said at Salesforce’s Dreamforce conference on Tuesday (Nov, 19). You can see what happens when companies wake up one day and decide they’re going to do something privacy-wise.

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Clearly Payments

FEBRUARY 8, 2024

Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. Regulatory efforts focus on safeguarding consumer data privacy and security while fostering innovation and competition.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 87

PYMNTS

JUNE 16, 2019

The speech encompassed privacy violations and data breaches, among other topics, CNBC reported. Cook said, “We see it every day now with every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning out national conversation, the false miracles in exchange for a single drop of your blood.”

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FICO

JULY 7, 2020

Additionally, update your privacy settings on social networks to restrict access only to people that you trust. Sign up for free Federal Trade Commission (FTC) scam alerts. The FTC tracks new prevalent scams that you should be aware of. Use the help offered by breached organizations. Do your research.

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PYMNTS

SEPTEMBER 9, 2019

12), the House Judiciary Antitrust Subcommittee will hold a hearing on issues top of mind in the digital realm — touching on how data and privacy affect competition online, and specifically, for online marketplaces. For Big Tech , expect fireworks for fall, or a September to remember. This Thursday (Sept.

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PYMNTS

MARCH 20, 2018

Facebook , the social media giant embroiled in a new consumer data scandal, is being pursued by the Federal Trade Commission (FTC), the main agency for enforcing privacy policies. The FTC should use all of its power to prevent this from ever happening again.”.

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PYMNTS

JANUARY 24, 2019

The FTC is about to complete an investigation into the data breach and whether Facebook violated a consent decree reached in 2011 and could levy Facebook with a sizeable fine, reported The Wall Street Journal. In 2011 the FTC said Facebook deceived customers by sharing data it said it was kept private.

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PYMNTS

JULY 22, 2019

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). Facebook will create a new board committee that will solely exist to focus on privacy, as part of the settlement. .

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FTC Federal Trade Commission Privacy Settlement 46

PYMNTS

AUGUST 7, 2018

The legislation is expected to “almost certainly pre-empt state regulation of online privacy,” such as California , which has adopted new privacy laws that are some of the toughest in the country. The Journal noted that the legislation should include some of the things that the tech companies are urging.

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PYMNTS

DECEMBER 11, 2017

But that could change if the Senate can pass the Data Security and Breach Notification Act , which would require companies to report data breaches within 30 days. If an individual knowingly conceals a data breach, he or she could face up to five years in prison. As for whether the bill will pass, its future is uncertain at best.

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