Ftc Rules
Description
How to fill out Federal Trade Commission Affidavit Regarding Identity Theft?
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FAQ
The FTC just announced an amendment to the Rule that will require non-banking financial institutions within the FTC's jurisdiction to report data breaches affecting 500 or more people. Threats to the security of financial data have materialized and morphed in recent years.
Revised FTC Safeguards Rule deadline was June 9, 2023 The updated rule requirements include: Planning and action to address ?reasonably foreseeable internal and external risks? ? including: data breaches, data leakage, and ransomware. Multi-factor authentication.
For example, the Children's Online Privacy Protection Act (COPPA) requires websites and online services to get consent from parents to collect personal data from kids under 13. Another example is the Contact Lens Rule, which requires prescribers to give customers a copy of their prescription.
FTC activities include investigating fraud or false advertising, congressional inquiries, and pre-merger notification. The FTC also handles scams and unfair or predatory business practices.
These cases can involve fraud, scams, identity theft, false advertising, privacy violations, anti-competitive behavior and more. The Legal Library has detailed information about cases we have brought in federal court or through our internal administrative process, called an adjudicative proceeding.