- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-02-22T12:54:00
Food delivery company DoorDash agreed to pay a $375,000 fine as part of a settlement announced by California Attorney General Rob Bonta addressing alleged violations of the California Consumer Privacy Act (CCPA).
The enforcement action, announced Wednesday, is the second to be levied publicly since the CCPA took effect in January 2020. The first action came down more than one year ago, when Sephora was assessed a $1.2 million penalty in August 2022 for violating the consumer privacy law.
Regarding DoorDash, the attorney general alleged the company ran afoul of the CCPA and the California Online Privacy Protection Act (CalOPPA) in relation to its participation in a marketing cooperative that saw it share customer personal information with other companies in exchange for advertising opportunities.
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Popular children’s mobile game developer Tilting Point Media agreed to pay $500,000 to settle allegations the company illegally collected children’s personal data, a violation under the California Consumer Privacy Act and a federal children’s privacy law.
Businesses will receive additional time to weigh in on proposed regulations by the California Privacy Protection Agency regarding risk assessments, cybersecurity audits, automated decision-making, and data broker registration before they’re potentially finalized later this year.
A bipartisan consumer privacy bill released by Sen. Maria Cantwell (D-Wash.) and Rep. Cathy McMorris Rodgers (R-Wash.) would provide the broad, comprehensive protections businesses and Americans have called for, according to the lawmakers.
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
