Could Facebook’s $5 Billion FTC Fine for Privacy Violations be Covered by Cyber Insurance?
8/14/19
By: Isis Miranda A similar question was posed to me recently at a conference where I was speaking about the GDPR (European General Data Protection Regulation): “Could my company just buy insurance instead of worrying about whether our China-based venders are complying with the GDPR?” The audience chuckled. But the question raises important and complex issues, one of which is whether civil fines are insurable and, more importantly, whether they should be.…
Countries Around the World Are Investigating Facebook’s Cambridge Analytica Event
4/26/18
By: Allen E. Sattler On March 18, 2018, news broke of the Cambridge Analytica event where the data of an estimated 87 million Facebook users was disclosed to the UK-based political consulting firm. The breach of user data resulted in several U.S. investigations, including by Congress and by the Federal Trade Commission (“FTC”). Facebook entered…
FTC Finds Data Security Practices Unreasonable, Even Without Evidence of Unauthorized Access
9/30/16
By: Matt Foree Recently, the Federal Trade Commission (“FTC”) issued a significant decision in which it held that LabMD, a former clinical laboratory, engaged in “unfair” practices in violation of Section 5 of the FTC Act because it failed to provide reasonable and appropriate security for personal information stored on its computer network. The FTC…
FTC Guidance for Online Protection for Children
5/14/13
By: Matt Foree A byproduct of widespread use of the internet is its inevitable use by young children. Today, children have access to the internet through computers, smartphones and countless other electronic devices. To protect the privacy of children online, Congress enacted the Children’s Online Privacy Protection Act (“COPPA”), which provides rules for operators of commercial websites…
