FTC Seeks Authority to Impose Meaningful Civil Penalties on Companies Breaking Consumer Protection & Data Security Laws

FTC Civil Penalties on Companies Breaking Consumer Protection & Data Security Laws

The Federal Trade Commission (FTC) recently appeared before the House subcommittee on Digital Commerce and Consumer Protection to request the power to impose meaningful civil penalties on companies that violate the nation’s data security and privacy protection laws. Currently, the FTC cannot impose fines on companies over privacy issues; however, if the public wants to see companies handle their sensitive information diligently, “the agency needs the ability to slap violators with fines and have more freedom to pass rules,” notes Law360. [Read more…]