WhatsApp – An Example of How Companies Compete Based on Privacy
Author: Jenny L. Colgate Published: January 12th, 2021 Facebook, the parent company to WhatsApp, is reporting near-record low revenue growth. Thus, presumably in an effort to monetize WhatsApp more heavily, WhatsApp recently announced changes to its privacy policy: as of February 8, 2021, all WhatsApp users (except those that live in Europe) must agree to share their…
FinCEN’s Proposed Rulemaking for Cryptocurrency – The Balance of National Security vs. Privacy
Author: Jenny L. Colgate Published: January 6th, 2021 Just before the Christmas holidays, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued proposed rulemaking entitled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” The proposed regulations seek to “require banks and money service businesses (“MSBs”) to submit reports, keep records, and verify…
FTC Orders Nine Social Media and Video Streaming Services to File Special Report About Privacy Practices
Author: Jennifer B. Maisel, Christopher Ott Published: December 15th, 2020 Pursuant to Section 6(b) of the FTC Act and a December 11, 2020, resolution of the Federal Trade Commission (FTC) entitled “Resolution Directing use of Compulsory Process to Collect Information Regarding Social Media and Video Streaming Service Providers’ Privacy Practices,” the FTC has now issued orders requiring…
IBM Reports Cyberattacks on COVID-19 Vaccine Distribution Chain
Author: Caitlin Wilmot Published: December 4th, 2020 IBM Security (the company’s cybersecurity division) has recently discovered a global phishing campaign targeting organizations associated with the critical coronavirus vaccine distribution chain. The division’s “X-Force,” created at the onset of the pandemic to monitor cyber threats against vaccine developers and distributors, released a report on Thursday with their analysis…