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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-01-04T20:11:00
The Federal Trade Commission (FTC) was clear in its recent enforcement action against Rite Aid regarding its expectations for companies using facial recognition technology or any biometric security or surveillance systems.
The FTC filed a complaint against Rite Aid on Dec. 19, alleging the retail pharmacy chain used untested, inaccurate facial recognition technology to secretly surveil shoppers from 2012-20.
The misused technology resulted in thousands of people being misidentified as shoplifters, with a higher percentage of women, Blacks, Latinos, and Asians wrongly accused. Rite Aid staff sometimes harassed and publicly humiliated innocent shoppers and forced them to leave stores, including those who had wanted to fill necessary prescriptions, the FTC said.
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News and analysis for the well-informed compliance or audit exec.
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2024-01-04T14:30:00Z By Manorama Kulkarni, CW guest columnist
The lack of clear regulations and guidelines for the ethical use of facial recognition technology further exacerbates concerns of discriminatory practices and potential infringements on human rights.
2023-12-20T14:33:00Z By Kyle Brasseur
Retail pharmacy chain Rite Aid agreed to a five-year ban on its use of facial recognition technology for surveillance purposes as part of a settlement with the Federal Trade Commission.
2023-05-19T17:02:00Z By Adrianne Appel
Businesses that make false or unsubstantiated claims regarding facial recognition and other biometric technologies could face enforcement from the Federal Trade Commission, the agency warned in a policy statement.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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