The U.S. Appellate Court agreed with LabMD that an order by the Federal Trade Commission (FTC) for them to “establish a comprehensive information security program” was too vague, leading to changes in the way the FTC handles penalties after conducting audits to confirm that organizations who are collecting data are also taking steps to protect […]
Payday Loan Network Sold Info to Scammers
The Federal Trade Commission announced this week it is suing a consumer data broker that sold payday loan application data to scammers who used the information to pull money out of consumer bank accounts. The scam brings to mind an underground identity theft service I wrote about in 2012 that was gathering its data from a network of payday loan sites.