Compliance Hot Spots: FTC Wants a Bigger Stick for Data Privacy | Bharara's Task Force | ZTE Gets More Quality Time with Monitor
FTC's Rebecca Slaughter makes the case for more rule-making authority at the agency. Preet Bharara's launching a new insider-trading task force, and Williams & Connolly jumps into Elon Musk - Tesla fray. Thanks for reading Compliance Hot Spots.
October 09, 2018 at 09:00 PM
8 minute read
Welcome to Compliance Hot Spots, our briefing on compliance, enforcement and government affairs. Another week has come with another story of a company's security lapse—this time, a flaw that exposed the profile data of Google+ (RIP) users. So what better time to look at the Federal Trade Commission turning up the heat in its push for expanded authority to assess fines in data privacy cases? Fines can hurt, after all. A Democratic commissioner, Rebecca Slaughter, recently addressed the current gaps in the FTC's authority and the deterrent power of fines.
➤➤ As always thanks for reading—and please do send feedback. I appreciate hearing from you about what's on your plate—observations, trends, new clients. I'm at [email protected] and 202-828-0315, or follow me on Twitter @cryanbarber.
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With a sweeping, newly-enacted data security rule, the European Union has emerged as the top cop on the consumer privacy beat. Its authority to levy fines of 20 million euros—or, alternatively, 4 percent of a company's global annual revenue—amounts to a big stick.
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