On February 27, the Federal Trade Commission (FTC) reached a settlement with Paypal, Inc. relating to the privacy and security practices of Venmo, Paypal’s peer-to-peer payment service. The FTC alleged that Venmo failed to adequately disclose to its users that transfers of funds from their Venmo balances to external bank accounts were subject to review, […]
There was an almost audible sigh of relief upon the agreement of the new EU-US Privacy Shield framework. Reading the average press report one might mistakenly think that personally identifiable information can now flow between the EU and the US without further ado. The tap does not just turn on automatically, however. Most US businesses […]
You will probably be seeing reports that the European Union (EU) & the United States (US) agreed on a new mechanism to replace the old Safe Harbor, effectively titled the “Privacy Shield.” The details are hazy and a formal written policy has not been released, but as far as I can glean, the new mechanism […]
The Federal Trade Commission (FTC) has taken an agnostic view towards cyber security as of late. The FTC’s chairwoman Edith Ramirez has called for a “culture of security” whereby she encourages companies and start-ups to make the appropriate investment for security when they first conceive a product. However, there is a distinct disconnect between the […]