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FTC orders Zoom to implement stricter security standards

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As it currently stands, Zoom agrees not to mislead the public about security features and regularly audit its security in a variety of ways. It also agrees to follow standardized processes for video file naming, personal data deletion, and investigating security events.
Cybercrime, Phishing, Ransomware, Security News

FTCODE ransomware acquires info-stealing powers

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The recently discovered ransomware FTCODE has evolved to include new information-stealing capabilities, and is now infecting victims via VBScript links in phishing emails. Researchers from the Zscaler ThreatLabZ team, who say they first discovered the PowerShell-based malware, detailed the latest changes in a blog post late last week. The new iteration, version 1117.1, contains code…
Security News

Executive order seeks to give FCC, FTC authority over social media content

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The White House has apparently drafted an executive order that would give the Federal Communications Commission (FCC) the authority to influence regulations on how social media companies like Facebook obtain and post content to their sites and compel the Federal Trade Commission (FTC) to apply those policies during any probes of those companies. The summary…
Government, Legal, Privacy & Compliance, Security News

FTC levies historic fine on Facebook for privacy violations

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The U.S. Federal Trade Commission today announced that it has penalized Facebook $5 billion as punishment for what it described as deceptive privacy practices, and imposed new restrictions on the social media giant. Facebook likewise announced that it has agreed to the terms of the deal. In conjunction, the Department of Justice officially filed a…
Data Breach, Government/Defense, Privacy & Compliance, Security News

Equifax to pay up to $425 million for breach in FTC settlement

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Equifax will pay between $330 million to $425 million to a restitution fund for victims in a settlement with the Federal Trade Commission (FTC) over a 2017 breach that exposed the personal information of 148 million people. The company came under fire for its poor security practices that had it missing an Apache Struts vulnerability responsible…
Privacy & Compliance, Security News

Facebook to pony up $5 billion in FTC settlement

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Facebook said in the spring it expected to pay a $5 billion fine to the Federal Trade Commission (FTC) in the wake of the Cambridge Analytica scandal and it now looks like the company will do just that in after the commission approved settlement with the social media giant for violating a 2011 consent decree.…
Government, IoT, Security News

D-Link agrees to overhaul security in FTC settlement

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D-Link agreed to make several security enhancements that overhaul the firm’s security platform to settle a Federal Trade Commission (FTC) litigation case concerning allegations that the company misrepresented the security of its products.  The case stems from a 2017 complaint against D-Link for the company’s routers and IoT cameras leaving sensitive consumer information, including live…
Government, Privacy & Compliance, Security News

Facebook sets aside $3 billion in anticipation of FTC privacy violations fine

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Facebook’s Q1 2019 financial results may have beat Wall Street expectations – racking up $15.08 billion rather than the predicted $14.97 – but its earnings per share was dampened by the $3 billion the company put aside in anticipation of fines that will be owed to the Federal Trade Commission (FTC) for consumer privacy violations.…
Government, Privacy & Compliance, Security News

Wyden presses FTC to hold Zuckerberg liable for ‘repeated’ privacy violations

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The Federal Trade Commission (FTC) should find Facebook in violation of its 2011settlement agreement and hold company CEO Mark Zuckerberg accountable for violatingconsumers’ privacy, according to Sen. Ron Wyden, D-Ore. Calling Zuckerberg, the “public face” of the social media giant, Wyden wrote in a letterto the commission, that he should be found “individually liable for…
Government, Privacy & Compliance, Security News

GOP senator checks FTC on ‘toothless’ efforts to curb Facebook, Google privacy violations

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The Federal Trade Commission (FTC), often lauded for its efforts to protect consumers from data breaches and privacy violations, hasn’t done enough to shield them from large tech companies like Facebook and Google, a Republican senator told the agency, calling its approach “toothless.” “The FTC has a special role to play in protecting consumers,” Sen.…
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