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FTC Looking For Comments On Customer Privacy, Security Amendments

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The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The proposed changes are related to the Safeguards Rule and the Privacy Rule under the Gramm-Leach-Bliley Act.

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FTC Submits Progress Report To The Senate

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The Federal Trade Commission wants changes to the FTC Act that would allow it to provide better protection to consumers and increase competition. The testimony estimated that the agency has saved consumers over $3.4 But the commission wants the common carrier exception to the FTC Act to be repealed.

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Senate Hearing Grills Equifax, Marriott CEOs On Data Breaches

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Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. The hearing took place at a time of increasing scrutiny for online privacy and security. During a hearing for the U.S. Rather, it looks like Marriott inherited this breach from Starwood.”.

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FTC Warns App Developers About Software Privacy Risk

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The Federal Trade Commission issued warning letters to 12 app developers that have installed software that can monitor the microphones that are part of devices. This software is known as SilverPush, and it monitors consumer television viewing habits by using “audio beacons” from TVs.

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Zuckerberg Advocates Internet Regulation

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Facebook has been in the spotlight for its own problems with policing content and privacy for its users. Also, the government and Facebook are reportedly negotiating a settlement in the neighborhood of multi-billions for the company’s privacy issues. . In other Facebook news , the U.S. Landry said.

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FTC Big Tech Probe Expands With New Inquiries

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A Federal Trade Commission (FTC) investigation into the biggest five tech companies in the U.S. The FTC panel said it wanted the commission to look into “consumer protection issues arising from the privacy and data security practices of technology companies, including social media platforms.”.

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Facebook Moves Forward With Deal To Acquire Chatbot Startup Kustomer

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Earlier this month, Joe Simons , chairman of the Federal Trade Commission, said when big companies acquire startups, that is a red flag signaling possible anti-competitive practices. . Kustomer said its platform will help retailers on Shopify automate 40 percent of interactions.