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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-08-12T16:46:00
The Federal Trade Commission (FTC) is seeking comment on potential rules that would penalize companies that suffer data breaches due to lax cybersecurity protocols and punish firms that engage in abusive commercial surveillance practices.
The agency’s advance notice of proposed rulemaking, issued Thursday, explained new rules might be necessary “because recent commission actions, news reporting, and public research suggest that harmful commercial surveillance and lax data security practices may be prevalent and increasingly unavoidable.”
“These developments suggest that trade regulation rules reflecting these current realities may be needed to ensure Americans are protected from unfair or deceptive acts or practices,” the FTC said. “New rules could also foster a greater sense of predictability for companies and consumers and minimize the uncertainty that case-by-case enforcement may engender.”
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2023-12-20T14:33:00Z By Kyle Brasseur
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.
2023-03-03T14:00:00Z By Compliance Week
Four senior compliance practitioners provide their opinions on what a federal privacy law in the United States should strive to accomplish.
2023-02-28T14:00:00Z By Aaron Nicodemus
As more state laws hit the books, businesses are more adamant than ever Congress needs to pass a federal data privacy law. If lawmakers don’t rise to the occasion, which government agency might?
2024-12-20T16:47:00Z By Neil Hodge
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
2024-12-19T16:18:00Z By Neil Hodge
When lawmakers slam the U.K.’s chief financial regulator as “incompetent,” it not only opens the doors for others to pile criticism on it, but it sparks a debate about how the organization can be improved–or removed.
2024-12-19T16:17:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority apologized to investors in peer-to-peer investment firm Collateral for not acting swiftly enough to prevent Collateral from defrauding its customers.
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