The Federal Trade Commission has the authority to regulate corporate cybersecurity, the 3rd U.S. Circuit Court of Appeals ruled on Monday, Reuters reported.
Two debt brokers have settled federal charges that they exposed sensitive information on 55,000 consumers online, the Federal Trade Commission announced Monday.
While the FTC's security and privacy recommendations for IoT devices and data are useful, they are voluntary and therefore lack teeth. Companies have little incentive to spend the extra time and money needed to implement them.
Now that the both houses of Congress are controlled by Republicans, the chance of passing national data breach notification legislation being proposed by President Obama is slim. Maybe the president should consider acting unilaterally, as he did in the case of immigration, in order to protect consumers and wake up companies to the need to protect sensitive data.
U.S. District Court Judge Esther Salas has instructed the Federal Trade Commission and Wyndham Hotels to seek mediation in order to resolve their dispute about whether the FTC has the authority to regulate private companies' data security practices.
As we reported in this issue of FierceITSecurity, the Federal Communications Commission has joined the Federal Trade Commission in doling out fines for poor data security practices.
Federal regulators are going after another wireless carrier for "cramming" bogus third-party charges on to customer bills. This time the target is AT&T.
Earlier this week, Home Depot confirmed what many security experts had expected--that it had suffered a breach of its payment card processing system.
Check out the hottest mobile IT news for August 5, including the apparent lack of transparency in shopping apps, a jailbreak on the latest iOS software, a changing of the guard in handset manufacturers, the three most innovative wearables not named Glass and added features to the Facebook Messenger standalone app.
On its face, the U.S. Federal Trade Commission's formal complaint against T-Mobile last Tuesday alleges that the telco charged customers for unnamed data content provided by third parties, that those customers never consented to or more likely, never actually received. It goes on to allege that the carrier pocketed as much as 40 percent of those overcharges.