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San Jose, USA – June 27, 2015: PayPal Headquarters 2211 North First Street, San Jose, California 95131. Credit: serg3d/iStockphoto.com.
Privacy is serious business. This was made clear in the Federal Trade Commission’s (FTC)  recent announcement that it had settled its complaint against Venmo, PayPal’s peer-to-peer payment service, for misrepresentations to consumers regarding privacy and security settings. Although the terms of the settlement do not become final until approval by the FTC on or about  March 29 (after the conclusion of a public comment period), there are at least  five important lessons and practices that every company should take stock of now.

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