$5B Facebook’s settlement with FTC over Cambridge Analytica approved by federal court

On April 23, 2020 a federal court officially approved the agreement reached between Facebook and the Federal Trade Commission (FTC) last July. FTC’s investigation began after the events of Cambridge Analytica in 2018. See here for more about this investigation. The reached settlement agreement received some criticism. Facebook agreed to shift its approach to  privacy, […]

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FTC’s investigation into Facebook data practices could result in a fine up to 5 billion, Facebook estimates

On April 24, 2019, Facebook published its financial results for the first quarter, where it estimated a probable loss and recorded an accrual of $3 billion  in connection with an investigation by the Federal Trade Commission  (FTC).  The investigation could result in a penalty of up to 5 billion. The FTC began its investigation into […]

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Recommendation of self-regulatory units should be taken into account to avoid FTC investigations

The Children’s Advertising Review Unit (CARU), a self-regulatory advertising unit approved by the Federal Trade Commission (FTC) and administered by the Council of Better Business Bureaus, recently found issues with the advertising approach taken by two mobile applications for kids: KleptoCats and My Talking Tom. CARU monitors advertising and privacy practices and determines whether such […]

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FTC orders $5.7 mln civil penalty for COPPA violation (the biggest ever for COPPA violations)

  On February 27, 2019, the American Federal Trade Commission (FTC) published a proposed stipulated order for civil penalties and other reliefs against Musical.ly for violation of the Children’s Online Privacy Protection Act (COPPA) by collecting personal information from kids without parental consent. The $5.7 million civil penalty is the FTC’s largest ever under COPPA. […]

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FTC’s cybersecurity guidance for small businesses

On October 18, 2018, the Federal Trade Commission (FTC) published – along with Department of Homeland Security, the National Institute of Standards and Technology, and the Small Business Administration – guidance for small businesses on how to deal with cyber threats and increase data security. The FTC highlighted a dozen need-to-know topics: Cybersecurity Basics, Understanding […]

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FTC’s enforcement in relation to Privacy Shield

In August, the FTC took action against false claims of participating to the EU-US Privacy Shield Framework. These are the first cases addressing the Privacy Shield Framework introduced on July 12, 2016. Allegedly, the companies under investigation started the application for the EU-U.S. Privacy Shield but never completed it; yet they falsely claimed to be […]

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The CFTC has jurisdiction to regulate the virtual currency markets, NY District Court holds

On March 6, 2018, the U.S. District Court for the Southern District of New York found that the Commodity Futures Trading Commission (CFTC) has standing to exercise its enforcement power over fraud related to virtual currencies sold in interstate commerce. According to the facts, Defendants offered fraudulent trading and investment services related to virtual currency. “Virtual […]

FTC publishes 2017 Privacy & Data Security report

The Federal Trade Commission (FTC) issued its 2017 Privacy & Data Security Update. The annual report summarizes the year’s privacy and data security enforcement actions, advocacy, workshops and guidance. Among the FTC’s 2017 privacy and security actions announced, is the first actions enforcing the EU-U.S. Privacy Shield framework.   The 2017 Privacy & Data Security update […]

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FTC ready to settle with PayPal over Venmo’s failure to disclose information to consumers about funds transfers and privacy settings

On February 27, 2018, the Federal Trade Commission (FTC) announced that it reached a settlement with PayPal, Inc. over allegations that the company failed to make adequate disclosures regarding its Venmo peer-to-peer payment service. According to the FTC’s complaint, Venmo misled consumers about the extent to which they could control the privacy of their transactions. By […]

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