#ftc-enforcement
#ftc-enforcement
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fromTheregister
1 week agoNomad settles with the FTC over $186M cyberattack
Illusory Systems, which trades as Nomad, allegedly misled users about the security of its cryptocurrency bridge, which was compromised in 2022 in an attack that led to $186 million worth of funds being stolen. The FTC alleged that Nomad pushed an update in June 2022 containing "inadequately tested code" that, in turn, introduced a "significant vulnerability" that was exploited around a month later.
Information security
Real estate
fromwww.housingwire.com
2 weeks agoFTC issues warnings to rental software firms on price transparency
Software rental-listing providers that omit mandatory fees or hinder pricing information prevent informed renter decisions and harm market efficiency, risking FTC legal action and penalties.
fromTechCrunch
3 weeks agoFTC upholds ban on stalkerware founder Scott Zuckerman | TechCrunch
A stalkerware maker who was banned from the surveillance industry after a data breach that exposed the personal information of its customers, as well as the people they were spying on, will not be able to go back to selling the invasive software, according the U.S. Federal Trade Commission. The FTC denied a request to cancel that ban made by Scott Zuckerman, the founder of consumer spyware company Support King and its subsidiaries SpyFone and OneClickMonitor.
Privacy technologies
US politics
fromwww.housingwire.com
2 months agoWhy the FTC is targeting Zillow and Redfin's rental deal
FTC and multiple state attorneys general allege Zillow and Redfin conspired to eliminate competition in multifamily rental listings, prompting antitrust enforcement focused on technology monopolization.
Privacy professionals
fromTechCrunch
2 months agoAnonymous question app Sendit deceived children and illegally collected their data, FTC alleges | TechCrunch
Sendit unlawfully collected children's data, sent fake anonymous messages to users, and used deceptive recurring charges to sell memberships revealing purported senders.
E-Commerce
fromFortune
3 months agoAmazon to pay $2.5 billion, one of the largest FTC settlements in history, to mitigate claims it tricked millions of people into signing up for Prime | Fortune
Amazon agreed to pay $2.5 billion, including a $1 billion penalty and $1.5 billion in refunds, to resolve FTC allegations of deceptive Prime enrollment and difficult cancellations.
Privacy professionals
fromAdExchanger
3 months agoFTC Consumer Protection Chief: No Easy Answers On Privacy, 'Only Trade-Offs' | AdExchanger
Privacy depends on context and individual preferences, so regulatory frameworks and enforcement must account for varied expectations rather than treating privacy as binary.
fromkffhealthnews.org
4 months agoFTC has long said products must back up health claims. A MAHA lawsuit would upend that
Don't get Nathan Jones started on xylitol, the active ingredient in his chewing gum, nasal spray, and other products. He'll talk your ear off about its wondrous powers against tooth decay, as well as its potential to fight COVID, heart disease, Alzheimer's you name it. For now, Jones, the founder of Xlear, can't make those claims in his company's advertising. But if the lawsuit his company brought against the Federal Trade Commission succeeds, he'll likely be able to say anything he wants.
Health
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