On March 2, the Consumer Financial Protection Bureau entered an enforcement order against online payment platform Dwolla, Inc. for deceiving
consumers about its data security practices and the safety of its online payment system.
Not exact matches
Consumers have been bombarded by bad news
about digital
security this year, most recently the massive Equifax
data breach revealed in September.
Equifax's lawyers at Choate, Hall & Stewart had argued (among many other things) that the AG can't wield the state
consumer protection law, which prohibits businesses from making false, deceptive or unfair claims, without showing anyone was harmed by Equifax's supposedly false assurances
about data security.
Come July, TransUnion, Experian and Equifax will no longer include information
about tax liens and civil judgments on a
consumer's record if the
data doesn't include the person's name, address, Social
Security number and date of birth.
In the face of several recent major
data breaches and increasing
consumer concern
about payment
security, MasterCard is putting in place new measures to protect cardholders.
What's fascinating
about this case is that, to date, there have been no known
data breaches or cyberattacks actually involving D - Link products and no
consumers have experienced any damages arising from these alleged technical
security vulnerabilities.
In essence, the FTC states that
security and privacy must be designed into the devices,
data collected must be minimized (at least in respect to
consumer data), and people need to be given notice and choice
about the collection of
data.
The first is a country famous for being extremely scrupulous
about consumer privacy and
data security, and the second is America's closest political ally.
One week ago, the groups urged the FTC to reopen a 2009 investigation of Facebook, arguing that the disclosure of user
data to Cambridge Analytica violated the 2011 order, which barred Facebook from «making misrepresentations
about the privacy or
security of
consumers» personal information.»
Last week the organizations urged the Federal Trade Commission to reopen the 2009 investigation of Facebook, arguing that the disclosure of user
data to Cambridge Analytica violated the consent order, and noting that the order also prohibited Facebook from «making misrepresentations
about the privacy or
security of
consumers» personal information.»
Notwithstanding the hypotheticals
about workplace surveillance and home movement tracking by a smart - thermostat by a company, Pew sketched out
data tradeoff situations identified with targeted advertising and social - media sites;
consumer loyalty - cards; customer profiling; car insurance discounts for drivers who consent to be monitored; and online access to medical records that would be helpful, however, may pose
security risks.
It's difficult to measure how rattled
consumers have been
about these
data -
security issues.
Much to - do has been made
about privacy and
data security, but
consumers might actually allow companies to track their browsing in return for payment.
Unlike e-commerce sites, which advertise their
security practices to gain the trust of
consumers about to hand over credit - card
data, few employers advertise the steps they take to protect your resume and job application.