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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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TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities

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TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. senators urged the Federal Trade Commission (FTC) to investigate allegations that TikTok violated a consent decree protecting children’s privacy, Dig.Watch reported.

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Facebook: FTC Pact Means ‘Shift’ In Privacy Approach

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For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. As reported on Wednesday (July 24), the Federal Trade Commission (FTC) has said it will fine Facebook $5 billion in the wake of the company’s mishandling of millions of users’ personal data.

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Facebook: FTC Pact Means ‘Shift’ In Privacy Approach

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For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. But beyond the financial settlement, the settlement also mandates that Facebook change the ay it addresses privacy issues.

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Facebook To Create Privacy Committee As Part Of FTC Settlement

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Facebook is in discussions with the Federal Trade Commission over a settlement that would include appointing privacy-focused executives in the C-suite. Talks are ongoing and details could change, but under the current discussions, Facebook would name a privacy executive that is approved by the federal government.

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FTC Files Suit Against Cambridge Analytica For Facebook Privacy Breach

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In addition, they are required to delete or destroy any personal information collected from consumers via the GSRApp and any related work product that originated from the data,” according to a statement from the FTC. Presidential election. Despite its issues, Facebook has seen its user base grow, crossing the 1.5 billion mark to 1.56

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FTC Could Hear Testimony From Facebook’s Zuckerberg, Sandberg

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Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. An FTC spokeswoman declined to comment. antitrust laws, sources told The Wall Street Journal. billion global users.

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