Peer-to-peer payment systems and crowdfunding are emerging financial technologies that could render the “Sorry, I forgot my wallet” cliché obsolete. Those talked-about trends are up for discussion at the FTC’s second FinTech Forum, set for Wednesday, October 26, 2016.
Blog Posts Tagged with Tech
They’re overhead, on consumers’ minds, and under consideration this afternoon at the latest installment of the FTC’s Fall Technology Series. The topic is drones and experts on drone technology are gathering at the FTC right now to talk over the implications for consumer privacy. The event, which is free and open to the public, takes flight at 1:00 ET at the FTC’s Constitution Center conference facility, 400 7th Street, S.W., in Washington.
Delivery by drone? We thought the Jetsons’ personal jetpack was the height of futuristic fantasy, but drone technology is bringing benefits like that closer to reality. But what about the consumer protection implications, especially when it comes to privacy? That’s on the agenda at the second installment of the FTC’s Fall Technology Series on drones on October 13, 2016.
Researchers report that 72% of American adults now own a smartphone and when they’re on their phones, 89% of their time is spent on apps. An analysis of how app developers generate revenue raises some interesting issues that touch on consumer privacy.
Gary Numan sang, “Here in my car, I can only receive.” Well, those days are in the past. More and more vehicles are outfitted with the latest communications technologies like Bluetooth, GPS navigation, roadside assistance, streaming music, and web browsing. With mobile technologies in rental cars, consumers’ personal information can stay with the car long after the consumer has returned it. If you’re a car rental company, it’s important to think about protecting consumer privacy in connected rental cars.
If a disclosure is intended to inform consumers – and isn’t that pretty much the job description of a disclosure? – it should accomplish that task effectively. A “disclosure” that fails that fundamental test is no disclosure at all. That’s FTC 101. So what can be done to improve the testing and evaluation of disclosures? Leading academics and testing professionals will gather at the FTC on September 15, 2016, to explore that topic.
We’re not being overdramatic when we describe it as a business executive’s nightmare: a shadowy contact from a hacker who has infiltrated a company’s network, encrypted the data, and now demands ransom for a key to access the files.
The Internet of Things refers to consumer products that connect to the Internet to send and receive data – everything from fitness devices, wearables, and smart cars to connected smoke detectors, light bulbs, and refrigerators.
It turns out the real estate people have been right all along. A settlement with InMobi, one of world’s largest mobile ad networks, suggests that for consumers, it really is about location, location, location – or at least honoring consumers’ location privacy preferences and not tracking them without permission. The case is the FTC’s first action against the operator of a mobile ad network.
Hog butcher for the world,
Tool maker, stacker of wheat,
Leader in mobile and a national tech hub.
The FCC asked – and we answered. Underway at the Federal Communications Commission is a proposed privacy rulemaking for broadband internet access service providers. The FCC sought public comment on the proposal and the staff of the FTC’s Bureau of Consumer Protection has offered its perspectives.
You want to build data security into your product development pipeline, but what concrete steps should you take to put that into practice? You could sit down over coffee with executives from Fortune 500 companies, innovative start-ups, and leading security firms to download their expertise, but the cost could be substantial in time, access, and caffeine. The FTC has a better idea.
Looking for a loan? For consumers and small businesses, that used to mean a foray into the paneled offices of something with “First National” in the name and hushed conversations with a guy who looks like the moneybags man on the “Monopoly” board. But the emergence of marketplace lending is changing the face of credit.
Last week, I had the pleasure of sitting down for some Q&A with members of the Network Advertising Initiative (NAI), one of the leading self-regulatory organizations for the online, interest-based advertising industry. One of the questions they posed was what additional actions industry should be taking to address online tracking as it develops ever more complex technologies. My answer? Tell people how they’re being tracked and offer them easy-to-use tools to block all of the techniques used to track them.
If you’re in the process of developing a health-related mobile app, what tools are essential to your success? The answer, according to some entrepreneurs, is innovative code, a great marketing plan, and the number of a take-out that delivers until 2AM. But have you given much thought to legal compliance? A new multi-agency interactive tool may help you determine which federal laws apply to your product.
The FTC hosted its first-ever PrivacyCon event on January 14, 2016, to showcase original research in the area of privacy and security research. With over 300 in-person attendees, 1500 virtual attendees watching via webcast, and many more following PrivacyCon on Twitter, the event was a huge success. Participants presented and discussed original research on important and timely topics such as data security, online tracking, consumer perceptions of privacy, privacy disclosures, big data, and the economics of privacy.
Ransomware, Drones, and Smart TV. That’s a trio you don’t often see together. The FTC will consider the consumer protection implications of those issues at three half-day conferences later this year. We call it the Fall Technology Series, and you’ll want to mark your calendar now.
There could be exceptions to the rule – maybe an unexpected bonus or an out-of-the-blue call from a friend – but as a general proposition, people don’t like surprises. As letters the FTC staff just sent to mobile app developers suggest, people really don’t like surprises about the information their apps gather. And the kind of data those apps had the capacity to collect may come as a surprise even to savvy industry members.
The router is Grand Central Station for home technology. It manages the connections between all of the smart devices in the home, from the computer in the den and tablet on the coffee table, to the smart thermostat on the wall and internet-connected baby monitor in the nursery. Consumers expect that route to be a limited access highway with the router forwarding data securely while blocking unauthorized access.