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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-08-29T18:07:00
An Idaho-based data broker has been sued by the Federal Trade Commission (FTC) for selling geolocation data on hundreds of millions of mobile phone customers that could unveil sensitive personal information without their knowledge or consent.
The lawsuit, filed Monday in U.S. District Court for the District of Idaho, alleges Kochava violated the FTC Act when it purchased, collected, and sold geolocation data on mobile phone customers that could help buyers learn where a particular individual lived, worked, worshipped, and has sought medical or mental health services. The data collected was not anonymized, so buyers could track whether an individual visited sensitive locations like abortion clinics, homeless and domestic violence shelters, or substance abuse facilities, the FTC said.
The agency’s lawsuit seeks to require Kochava to halt the sale of and delete the geolocation data it has collected.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2022-10-24T21:13:00Z By Adrianne Appel
The Federal Trade Commission announced a tentative settlement with online alcohol delivery platform Drizly and its chief executive officer regarding a data breach affecting 2.5 million consumers and the alleged lax security that allowed it to happen.
2022-08-12T16:46:00Z By Aaron Nicodemus
The Federal Trade Commission is seeking comment on potential rules that would penalize companies that suffer data breaches due to lax cybersecurity protocols and punish firms that engage in abusive commercial surveillance practices.
2025-01-14T19:58:00Z By Adrianne Appel
Capital One promised very high interest rates on millions of savings accounts but the bank didn’t deliver, losing customers more than $2 billion, the Consumer Financial Protection Bureau alleged.
2025-01-14T17:11:00Z By Aaron Nicodemus
Robinhood, a disruptive force in the market for Main Street investors but also a serial offender of securities laws, will pay a total of $45 million to settle numerous violations of SEC rules and regulations by two of its broker-dealers.
2025-01-13T17:32:00Z By Aaron Nicodemus
A broker-dealer subsidiary of Toronto-based BMO Financial Group will pay nearly $41 million in penalties to the Securities and Exchange Commission to settle allegations that its traders issued misleading disclosures on bonds for three years, causing $19 million in harm to its customers.
2025-01-10T20:14:00Z By Adrianne Appel
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
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