HelpNet Security – by Boris Khazin and Abiola Salau
When the Federal Trade Commission (FTC) releases new regulations or changes to existing ones, the implications may not be obvious to the average business or company employees.
The FTC and privacy
The FTC is a federal agency that protects consumers from fraudulent, deceptive, and unfair business practices. The Commission, often in collaboration with other regulatory agencies such as the United States Department of Justice and Attorney General, has enforcement authority and other responsibilities under more than 70 federal laws.
The FTC has used its authority to promulgate specific privacy-focused rules, including the Health Breach Notification Rule (HBN Rule), the Standards for Safeguarding Customer Information under the Gramm-Leach-Bliley Act (Safeguards Rule), the Children’s Online Privacy Protection Act (COPPA) and the Fair Credit Reporting Act.
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