Tag: federal trade commission
Marriott to pay $52m fine for 300m customer data breaches
Marriott International has agreed to pay a $52 million fine for cyber-negligence resulting in data breaches affecting over 300 million of its customers worldwide, representing a fine of less than two cents per customer. The US Federal Trade Commission and attorney generals from 49 states ran parallel investigations into three data breaches which took place between 2014 and 2020. Cybercriminals were able to steal the passport information, payment card numbers, loyalty numbers, dates of birth, email addresses plus personal information from hundreds of millions of customers.
FTC Fines Avast $16.5M for Selling User Data – February 23rd
The U.S. Federal Trade Commission (FTC) filed a complaint against Avast for selling user data, along with a $16.5M fine. The FTC's complaint claims "Avast unfairly collected consumers' browsing information through the company's browser extensions and antivirus software, stored it indefinitely, and sold it without adequate notice and consumer consent."
US Adults Lose Over $10B to Fraud in 2023 – February 13th
According to the US Federal Trade Commission (FTC), US adults lost over $10B to cyber fraud incidents in 2023, led by investment scams. Marking a historic rise, the rates of US fraud incidents rose by 14% compared to 2022. Leading fraud incidents consist of investment scams, e-commerce fraud, fake prize scams, and business and job opportunity scams.
UK and US Develop Global AI Security Guidelines – November 27th
The UK's National Cyber Security Center (NCSC), in partnership with the US's Cybersecurity and Infrastructure Security Agency (CISA) launched the 'Guidelines for Secure AI System Development'. The guidelines are set to secure AI system development, to help developers make informed cybersecurity decisions at every step of the AI development process. These AI guidelines were also co-signed in cooperation with 21 other international agencies and ministries from across the world.