FTC Eyes Sweeping New Regulations to Govern 'Commercial Surveillance' and Lax Data Security
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Check out my latest CSO column, which walks through the FTC’s rulemaking on commercial surveillance and lax data security.
The Federal Trade Commission announced an advanced notice of proposed rulemaking, which is a prelude to sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans.
The decision to solicit feedback on the new regulations, approved in a 3-2 vote by the agency’s commissioners, reflects FTC Chair Lina Khan’s aggressive push to curb what she has described as a “commercial surveillance” industry that profits from lax cybersecurity practices and weak restrictions on how organizations can collect, share and analyze data.
The FTC’s examination also targets what agency officials described as a steady stream of data breaches that have led to repeated leaks of consumer info…
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