If enacted, the Data Security and Breach Notification Act of 2015 would cost the government $1 million to implement over five years and would increase revenues, via penalties paid by non-compliant businesses, by $9 million over 10 years, an assessment of the bill finds.
The Federal Trade Commission announced March 23 the formation of a new unit that will provide expert research, investigative techniques and insights into a range of technology issues from the Internet of Things to privacy.
So far, about 25 billion consumer devices such as home appliances to wearable technology are connected to the Internet, and that's expected to swell to 50 billion by 2020.
It's still unclear whether the Federal Trade Commission overstepped its authority when it brought legal action against Wyndham Hotels and Resorts for negligent data security standards. An appellate court heard arguments in the case this week.
The report summarizes a debate among participants at a November 19, 2013 workshop hosted by the FTC on the topic as well as other submitted public comments. The discussion was limited to IoT devices sold to or used by consumers, not those in a business-to-business context nor machine-to-machine communications.
President Obama will preview several measures to strengthen digital privacy and cybersecurity in a scheduled late morning address Jan.12 at the Federal Trade Commission, before he formally unveils them during his State of the Union speech next week, the White House said.
BabyBus Network Technology's mobile apps are collecting geolocation information from children that might be in violation of the Children's Online Privacy Protection Act.
Federal officials alleged that the company charged customers millions of dollars for third-party subscriptions or services such as horoscopes, love tips and celebrity gossip that they never ordered or authorized.
Google will start contacting customers, whose children made unauthorized in-app purchases on Android devices, about potential refunds after federal regulators last week approved a final order regarding unfair billing practices.
Several major electronic privacy organizations have filed amicus briefs, supporting the Federal Trade Commission's lawsuit against Wyndham Worldwide Corp. that, the commission alleged, failed to protect consumer information.