Facebook Agrees to Record $5 Billion Settlement with FTC on Privacy Practices

Multiple media outlets are reporting today that the Federal Trade Commission has agreed to settle its case against Facebook on its privacy  practices for $5 Billion. The Wall Street Journal reports that the vote by FTC commissioners was 3-2 in favor of accepting the agreement and split along party lines with the Republican majority favoring…

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FTC Puts Software Companies and Service Providers on Notice of Broad Enforcement Powers Under Gramm-Leach-Bliley Act Safeguards Rule

The Federal Trade Commission (“FTC”) has put software companies and software service providers on notice it intends to interpret the Gramm-Leach-Bliley Act’s Safeguards Rule broadly to apply to businesses which make available software or services that serve financial, payroll, and accounting purposes and collect sensitive data on consumers and their employees. The FTC recently announced…

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