Facebook Pushes The Boundaries Of Privacy Law: Is The Federal Trade Commission Up For the Challenge?

From: Forbes

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The FTC enforces many privacy laws, several of which provide narrow rulemaking authority. But its broadest authority rests on policing acts of deception or unfairness, a nebulous concept in all realms, including privacy. Pursuant to those powers, in 2011, the Federal Trade Commission (FTC) secured a 20-year consent order against Facebook, under which Facebook agreed to obtain consent from its users before sharing their data with third parties. Although Facebook could, in theory, face penalties of up to $40,000 per user per day for violating the FTC’s consent order, the mere threat of fines might not meaningfully deter Facebook’s behavior.

CFTC and SEC continue their efforts to regulate virtual currencies and Blockchain-based smart contracts

From: Lexology

Michael BaharGregory S. Kaufman Adam C. Pollet and Alexander F. L. Sand | Eversheds Sutherland (US) LLP

Rosenstein: Social media companies need to self-regulate or government will take action

From: The Hill

Deputy Attorney General Rod Rosenstein on Thursday said social media companies need to protect their platforms from disinformation campaigns and properly police false or misleading content or they will face government regulation.

“I think the companies now do understand if they do not take it upon themselves to self-regulate — which is essentially the theme of my talk today — they will face the potential of government regulation,” he said.

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House passes SMART IoT Act

From: FCW

 

By Matt Leonard

The House passed the SMART IoT Act on Nov. 28 in a unanimous voice vote, sending the bill  to the Senate with just over two weeks until Congress is set to adjourn.

The legislation, introduced by Rep. Robert Latta (R-Ohio), tasks the Department of Commerce with studying the current internet-of-things industry in the United States. The research would look into what companies develop IoT technology, what federal agencies have jurisdiction in overseeing this industry and what regulations have already been developed.

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Security on the railway: does collecting personal data have a place?

From: Railway Technology

By Julian Turner

The Belgian Government has approved a pilot project to collect data on Eurostar travellers, part of the Passenger Name Record regulation that applies to international flights. Should the rail industry bear a similar responsibility to airlines when it comes to security issues?

Passengers on board Eurostar services between Brussels and London will soon be parting with more than just the price of a ticket; they will also be sharing personal data – everything from travel dates and itineraries to contact details, even their seat number – with security and customs agencies.