Page 6 - Consumer Data Protection News Today

Six U.S. states have pending data privacy laws. We dig into the gist of the laws and explore implications for businesses.

The FTC has brought legal actions against organizations that have violated consumers’ privacy rights, misled them by failing to maintain security of sensitive consumer information or caused substantial consumer injury.

Big tech companies like Amazon, Google, Facebook and Apple could soon face a 2 percent tax in New York state for profiting off of consumer data — if a recently proposed bill gains enough support to become law.

Big tech companies like Amazon, Google, Facebook and Apple could soon face a 2 percent tax in New York state for profiting off of consumer data — if a recently proposed bill gains enough support to become law.

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. African central banks come together for data sharing TechSprint 6 hours ago Source: Fintech Sandpit Four Central Banks in Africa are looking at ways to share data to enable greater access to finance and promote COVID-19 recovery through collaboration with the RecovTech (Recovery Technology) TechSprint, comm...

By Aaron Nicodemus2021-05-21T16:50:00+01:00 A recent survey of 100 executives from Fortune 500 companies found more than half are struggling to balance easy access to company data with privacy and security compliance. The survey was commissioned by software vendor Privacera and conducted by marketing agency Lead to Market. Among the findings, 58 percent of respondents said access restrictions were impacting the productivity of their analytic teams. This issue is particularly thorny for companie...

Senators roll out bipartisan data privacy bill Share this story Sen. Amy Klobuchar is back with a bill to protect consumer data privacy when collected by large tech platforms like Facebook and Google. Klobuchar (D-MN) has teamed up with a bipartisan group of senators, including Sens. John Kennedy (R-LA), Joe Manchin (D-WV), and Richard Burr (R-NC), to reintroduce the Social Media Privacy Protection and Consumer Rights Act. The privacy legislation would force websites to grant users greater co...

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EXCLUSIVE – An Empire State lawmaker is fighting back against Big Tech. New York State Senator Andrew Gounardes (D) plans to introduce a bill this week that will be the first comprehensive sales tax on the commercialization of data in U.S. history in an effort to compensate people who are unknowingly helping tech companies profit by selling personal information. "We create billions and billions of dollars in value for these companies that are making money off of us that we do not see any r...

In March, Virginia swiftly passed the Consumer Data Protection Act. According to an investigation by  An investigation conducted by nonprofit news organization  The Markup found that Virginia’s case is not unique. Of the 20 proposed state privacy bills currently being considered across the country, at least 14 of them were built upon the same industry-backed framework established in Virginia. The website further believes that some of these laws might actually be weaker. In Washington, Oklah...