- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2023-12-20T14:33:00
Retail pharmacy chain Rite Aid agreed to a five-year ban on its use of facial recognition technology for surveillance purposes as part of a settlement with the Federal Trade Commission (FTC).
The FTC alleged Rite Aid “failed to implement reasonable procedures and prevent harm to consumers in its use of facial recognition technology in hundreds of stores,” according to an agency press release Tuesday.
The company was also accused of violating a 2010 data security order with the FTC by not ensuring its third-party service providers had appropriate safeguards in place to protect consumers’ personal data.
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Data broker Outlogic will be subject to the Federal Trade Commission’s first ban on the use, sale, or disclosure of sensitive location data as part of a proposed order announced by the agency.
The Federal Trade Commission was clear in its recent enforcement action against Rite Aid regarding its expectations for companies using facial recognition technology or any biometric security or surveillance systems.
The lack of clear regulations and guidelines for the ethical use of facial recognition technology further exacerbates concerns of discriminatory practices and potential infringements on human rights.
USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
The Securities and Exchange Commission charged bankrupt fashion retailer Express with failing to disclose nearly $1 million in perks to a former chief executive, but did not levy a financial penalty thanks to its cooperation, the SEC said.
