Written by Amy Malone The FTC has finally released details of their settlement with Google, including the hefty price tag of $22.5 million, the highest fine ever slapped on a violator of an FTC consent order. The Internet giant was charged with breaking the terms of the consent order they entered into last year by misrepresenting… Continue Reading
Tag Archives: Settlement
Breaking News – ID Theft Company to Pay $12 Million for Deceptive Advertising
Posted in Legislation“[E]nough holes that you could drive a truck through it…..” That’s how Federal Trade Commission Chairman Jon Leibowitz described the identity theft protection offered to consumers by the widely-advertised LifeLock product and the claims made by the company that its service provided comprehensive identity theft protection. Those claims have cost the company $12 million dollars… Continue Reading
When the “Safe Harbor” is Not So Safe
Posted in Data Compliance & SecurityIf your company transfers personal data cross-border and you participate in the Safe Harbor program, it’s time to check the status of your certification. For the second time in a month, the Federal Trade Commission has announced enforcement actions against companies under Safe Harbor, the international privacy framework that provides a means for U.S. companies… Continue Reading
More on the Real Cost of Data Breaches — $9.75 Million
Posted in Data BreachAdd another $9.75 million (plus – see below) to the cost of the TJX Cos. Inc. 2006 data breach. The company has reached a settlement with 42 states over allegations that it failed to provide adequate security for its customers. $5.5 million of the settlement will be dedicated to data protection and consumer protection efforts… Continue Reading
