FTC-Facebook settlement to include board-level privacy oversight

(Jul 23, 2019) The Wall Street Journal reports the U.S. Federal Trade Commission could formally announce its $5 billion settlement with Facebook this week. In addition to the fine, the settlement is likely to feature more stringent regulatory oversight while mandating Facebook to create a board-level committee to oversee its privacy efforts. The new board would lend support to a previously established privacy team that reviews new products. Meanwhile, the Irish Data Protection Commission expects a decision by ... Read More

Surveying progress toward CCPA readiness

(Jul 23, 2019) The IAPP and OneTrust conducted a survey in March that revealed one in four businesses felt they were fully prepared for the implementation of the California Consumer Privacy Act, which takes effect January 2020. In an effort to chart the progress made since March, the IAPP and OneTrust are again surveying organizations' readiness for the CCPA. All results from the survey will only be analyzed in the aggregate with complete anonymity for every respondent. No one will be able to correlate your an... Read More

Equifax agrees to pay $1.4B in class-action suit over 2017 breach

(Jul 23, 2019) On the same day it was hit with a $700 million fine by the U.S. Federal Trade Commission, Equifax has agreed to a proposed settlement worth at least $1.4 billion in a multidistrict class-action suit over its 2017 data breach, Law.com reports. According to court papers filed at a U.S. District Court in Georgia, the settlement features a $1 billion commitment by the credit-reporting company to improve cybersecurity measures over the next five years. Equifax will also establish a $380.5 million fun... Read More

US attorney general backs encryption backdoors

(Jul 23, 2019) U.S. Attorney General William Barr has reopened a dispute between the government and tech industry regarding encrypted messages, The Hill reports. Speaking at a cybersecurity conference in New York City, Barr alleged that fully encrypted messaging has allowed "criminals to operate with impunity" as encryption stymies law enforcement's ability to identify criminals. "Making our virtual world more secure should not come at the expense of making us more vulnerable in the real world," Barr said. "Bu... Read More

NYC lawmakers propose bill that bans sale of cellphone location data

(Jul 23, 2019) The New York Times reports lawmakers in New York City are introducing a bill that would make it illegal for cellphone companies and mobile apps to share user location information collected in the city without the customer’s permission. In addition to providing steep fines, ranging from $1,000 per violation to $10,000 per day per user for multiple violations, the bill also gives customers the right to sue if their data has been shared without their permission. The proposed legislation "would also... Read More

Proposed US federal law bans use of facial-recognition tech in public housing

(Jul 23, 2019) CNET reports U.S. federal lawmakers are expected to introduce a bill this week that would ban public housing units that receive funding from the Department of Housing and Urban Development from using facial-recognition technology. Reps. Yvette Clarke, D-N.Y., Ayanna Pressley, D-Mass., and Rashida Tlaib, D-Mich., are the co-sponsors of the No Biometric Barriers to Housing Act. Under the proposed legislation, HUD would be required to submit a report outlining the impact facial recognition has on t... Read More

Conferences allege there's a decline of consumer privacy concern

(Jul 23, 2019) Following a pair of conferences focusing on finance and technology, an article for Fortune explores the claim that people may pretend to value financial data privacy more than they do. The authors write this sentiment was echoed at both events. Speaking at Fortune’s Brainstorm Tech conference, RBC Capital Markets Lead Internet Analyst Mark Mahaney pointed to a misperception of public opinion surrounding the importance of privacy and said, “As we keep going through this cycle, we’ll see fewer and... Read More

Equifax to pay $575M in settlement with FTC, CFPB, US states

(Jul 22, 2019) The U.S. Federal Trade Commission, along with the Consumer Financial Protection Bureau and 50 states and territories, announced a settlement Monday morning with Equifax related to its 2017 data breach. In the settlement, Equifax agreed to pay at least $575 million — and potentially up to $700 million — as part of what the authorities are calling a "global settlement," though monetary relief will only go to U.S. citizens. The 2017 data breach of Equifax affected at least 147 million consumers, in... Read More

Equifax to pay $575M to settle with FTC, CFPB, US states for 2017 breach

(Jul 22, 2019) The U.S. Federal Trade Commission, along with the Consumer Financial Protection Bureau and 50 states and territories, announced a settlement Monday morning with Equifax related to its 2017 data breach. In the settlement, Equifax agreed to pay at least $575 million — and potentially up to $700 million — as part of what the authorities are calling a "global settlement," though monetary relief will only go to U.S. citizens.   The 2017 data breach of Equifax affected at least 147 million consumers.... Read More