FTC

Facebook Privacy settings change names

Facebook Privacy settings change names

Today an update from Facebook changes the way Facebook Groups are labeled. No longer will there be a choice between public, closed, or secret settings. Instead, there'll be a choice between "public" or "private." Given the *most recent Facebook privacy flubs and government action regarding Facebook's failings in keeping user data protected, increased use of the word PRIVACY in Facebook PR should come as no surprise. Today we get an example of a place where Facebook is literally placing the word "Private" so users can be sure to feel like they're in a Private place.

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You won’t get $125 from Equifax: FTC admits penalty fund is way too small

You won’t get $125 from Equifax: FTC admits penalty fund is way too small

The FTC has issued a statement warning consumers impacted by the Equifax security breach that they won't receive the $125 cash payments available to claim. The reason, the FTC says, is due to the relatively small $31 million 'pot of money' set aside for these claims under the company's settlement with the agency. As more people claim the cash payout, the smaller those payouts will ultimately be.

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Facebook cuts off Microsoft and Sony data access, blames self for newest privacy flub

Facebook cuts off Microsoft and Sony data access, blames self for newest privacy flub

Today Facebook made several announcements as their agreement for unprecedented penalty with the FTC was made public. Here we're taking a look at how they'll be cutting off access to Facebook 'friends data' from groups like Microsoft and Sony. Facebook's Ime Archibong, VP of Product Partnerships, used language like "a fundamental shift in the way we work" and "action that impacts dozens of partners who had access to data... that should have been wound down." So they left the doggy door open for partner companies to access your data - whoops!

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Facebook FTC fine and consequences confirmed: $5 billion and nonsense

Facebook FTC fine and consequences confirmed: $5 billion and nonsense

Earlier this month we heard some relatively unofficial news about Facebook's FTC fine and fallout. Today the FTC made it all official with some friendly infographics that they are, indeed, levying a major fine against the Social Network. They've made the case that they're bringing big penalties to Facebook, and that this is super serious! But fancy graphics and additional assurances of the scale of the changes do not necessarily an adequate penalty make.

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FTC fines Facebook $5b, stock bolts upward

FTC fines Facebook $5b, stock bolts upward

Yes, you read that right, Facebook stock just surged - upward - after the FTC announced that they'd sent a $5-billion fine to the company. That's the biggest fine the FTC's ever demanded of a tech company - but it's the equivalent of next-to-nothing for the social networking site and mega-brand. Let's do the math on this - Facebook made approximately 55,838-million USD in revenue in 2018. A fine of 5-billion is... not particularly damaging.

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FTC vows ‘crackdown’ on entities behind more than 1 billion robocalls

FTC vows ‘crackdown’ on entities behind more than 1 billion robocalls

The FTC has revealed 'Operation Call it Quits,' a joint 'crackdown' between the commission and law enforcement on the operations responsible for more than 1 billion robocalls. These operations are located around the United States, according to the FTC, where they target consumers with unsolicited calls offering money-making schemes, medical alert systems, and interest reduction opportunities.

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Vaping firms get nicotine warning as Feds target influencer promos

Vaping firms get nicotine warning as Feds target influencer promos

US watchdogs are cracking down on vape liquid firms using social media influencers to push e-cigarette products, warning several brands over missing health disclaimers. The move comes after the US Food & Drug Administration (FDA) and Federal Trade Commission (FTC) announced they'd be going after companies pushing e-liquid products on kids, part of a crackdown in general on vaping.

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Smart backpack creator sued by FTC over alleged crowdfunding fraud

Smart backpack creator sued by FTC over alleged crowdfunding fraud

The Federal Trade Commission is suing the founder of a company that raised funds for 'iBackPack' and a couple other products on Kickstarter and Indiegogo. The agency first revealed that it was investigating the crowdfunding campaigns last August following complaints from supporters. In its most recent update on the matter, the FTC alleges the man behind the campaigns 'used much of the funds for himself.'

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FTC takes down four major robocalling operations behind spam calls

FTC takes down four major robocalling operations behind spam calls

Phone owners across the nation are being bombarded with an increasing number of 'robocalls' hawking outright scams to unsolicited sales pitches and everything in between. Consumers have called on the FTC to address this growing problem, which has resulted in many people getting calls at all times of the day and night. In an announcement today, the agency revealed it took down four major robocalling operations.

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FTC targets fake, paid Internet product reviews for the first time

FTC targets fake, paid Internet product reviews for the first time

The Federal Trade Commission has announced its first ever case tackling fake, paid reviews published on an "independent retail website." According to the FTC, it has settled a complaint with Cure Encapsulations and its owner Naftula Jacobwitz over alleged "false and unsubstantiated claims" involving a weight-loss supplement sold on Amazon. According to the FTC's complaint, the company paid a third-party website to post fake reviews about the product.

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Qualcomm Apple war chip-blocked iPhone 7, slows race to 5G

Qualcomm Apple war chip-blocked iPhone 7, slows race to 5G

The latest in the Apple Qualcomm squabble is a testimony from the iPhone maker, suggesting that Qualcomm's not been keen on supplying chips since their FTC trial began. Apple COO Jeff Williams testified during the US Federal Trade Commission trial against Qualcomm, suggesting that it seems as though once Apple filed (several) lawsuits against Qualcomm, Qualcomm's been unwilling to "support [Apple] with new design wins past that time."

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FTC issues advisory over crafty Netflix phishing scam

FTC issues advisory over crafty Netflix phishing scam

In a release this week, the Federal Trade Commission has warned the public about a Netflix phishing scam that is making its way into many inboxes. According to FTC Consumer Education Specialist Colleen Tressler, the scam involves an email that realistically replicates the look of an official Netflix email, but that will steal banking info if the user falls for the ruse.

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