California Democrat who opposed anti-tech bills is top contender for key role on antitrust subcommittee

cnbc.com A California lawmaker who has opposed efforts to crack down on the tech industry is the leading contender to become the highest ranking Democrat on the House Judiciary…

Competition concerns in the age of AI

techcrunch.com Henry Hauser Contributor Share on Twitter Henry Hauser is counsel in Perkins Coie’s antitrust and litigation practice groups and has significant experience working on…

The Biotech Buying Bonanza: Why The FTC's Amgen Battle Won't Chill The Spree

investors.com Big Pharma has a problem, and a plan to solve it. The problem? A looming drug patent cliff that will unleash generic competition on some of the industry's biggest…

BJC, St. Luke’s hospital merger would be one of the area’s largest. It may not be the last

stltoday.com The combined organization would have more than two-dozen hospitals in three states. BJC reported $6.3 billion in revenues last year, and Kansas City-based St. Luke’s…

Amazon's Ring Fined $5.8M After Staff, Contractors Caught Spying On Users

mediapost.com in the second of two Amazon settlements with the Federal Trade Commission over alleged privacy violations announced this week, Amazon’s surveillance device division, Ring,…

Some 30,000 Amazon employees could spy on Alexa users’ voice recordings: FTC

nypost.com Amazon has paid $25 million to settle federal allegations that tens of thousands of its employees had access to Alexa users’ voice recordings picked up by the smart device’s…

May Jobs Report May Yield Clues for Fed’s Next Rates Move

nytimes.com With the fight over the debt ceiling resolved, investors are turning to other concerns, including inflation and interest rates. What to watch in today’s jobs report Market…

AI is being used to 'turbocharge' fraud with voice cloning scams, and regulators 'need to be vigilant early,' FTC chair warns

businessinsider.com Lina Khan. Graeme Jennings-Pool/Getty Images The FTC chair warned that AI is being used to "turbocharge" fraud and scams, per Bloomberg. It follows reports of scammers using…

FTC chair Khan accused of 'abuse of power' in new US House probe

reuters.com The House Oversight Committee's Chairman James Comer opened a probe Thursday into U.S. Federal Trade Commission Chair Lina Khan's management of the agency, citing complaints…

Activision Blizzard Report Shows 29 Harassment Incidents After Bobby Kotick's 'No Systemic Issue' Claim

ign.com Activision Blizzard released a report detailing an uptick in harassment incidents brought by employees in 2022 after CEO Bobby Kotick claimed the company "did not have a…

FTC: Amazon/Ring workers illegally spied on users of home security cameras

arstechnica.com A Federal Trade Commission lawsuit filed yesterday accused Ring, the home security camera company owned by Amazon, of invading users' privacy by "allowing thousands of…

Apple prepares for a platform shift

platformer.news “an apple wearing a virtual reality headset, digital art” / DALL-E Just when the metaverse had mostly faded from the headlines, a heavily rumored new product launch appears…

Amazon ordered to pay more than $30M for privacy violations related to Alexa, Ring devices

cbc.ca Amazon agreed Wednesday to pay a $25 million US civil penalty to settle Federal Trade Commission (FTC) allegations it violated a child privacy law and deceived parents by…

New details emerge about Amazon's Ring staff spying on customers, and also reveals that 55,000 were hacked in 2019

businessinsider.com Close-up of Ring doorbell, equipped with a camera and machine learning capabilities, installed outside a home in the Marina Del Rey neighborhood of Los Angeles, California.…

Amazon's Ring used to spy on customers, FTC says in privacy settlement

finance.yahoo.com A former employee of Amazon.com's Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade…

Do we really need an app for everything?

vox.com On a flight about a year ago, I found myself in a predicament: I could not pay for my customary glass of plane wine to help calm the nerves. The problem wasn’t that I didn’t…

Amazon to Pay Over $30 Million For Alleged Privacy Violations

entrepreneur.com The Federal Trade Commission has accused Amazon of violating the Children's Online Privacy Protection Act Rule (COPPA Rule) in regard to its data deletion practices. Amazon…

This Week In Credit Card News: A No-Interest Credit Card; How ChatGPT Could Be Used In The Card Industry

forbes.com TD Bank is offering a new credit card called TD Clear that charges exactly 0% on revolving balances. This is not a loss leader. Neither is this a charge card, like the…

Ex-Ring doorbell employee spied on female customers in bedrooms and bathrooms for months, FTC filing reveals

nypost.com A former employee of Amazon’s Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade…

Ring security cameras gave every employee 'full access' to all customer video for years: FTC

abc7.com Ring security cameras, the inexpensive security cameras that people can hook up in their houses or on their doors, were not fully secure for years, according to the Federal…

Amazon to pay $31 million in fines for Alexa voice assistant and Ring camera privacy violations

pbs.org Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for…

Amazon's Ring and Alexa devices ran into data privacy storms

qz.com The Federal Trade Commission (FTC) is hauling Amazon over the coals for its lax enforcement of data privacy, forcing it to pay $30 million in fines for privacy violations…

Amazon must pay over $30 million over claims it invaded privacy with Ring and Alexa

npr.org Amazon must pay over $30 million over claims it invaded privacy with Ring and Alexa Amazon will pay more than $30 million in fines to settle alleged privacy violations…

Meta Battles FTC Over Teens' Data

mediapost.com Meta Platforms on Wednesday asked a federal judge to prohibit the Federal Trade Commission from attempting to modify a 2020 consent decree by imposing new restrictions on…

FTC Fines Amazon $25M Over Children's Voice Recordings

mediapost.com Amazon has agreed to pay $25 million to settle charges that it violated children's privacy laws by indefinitely retaining their voice recordings and geolocation data, the…

The Morning Risk Report: Fewer U.S. Companies Applied to Export Sensitive Technology to China Last Year

createsend.com Good morning. Fewer U.S. companies are applying to export sensitive technologies to China amid growing government scrutiny of the flow of goods to the country, especially…

Amazon hit with $30 million in fines for alleged Alexa and Ring privacy violations

chicagotribune.com WASHINGTON — Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents…

Today

talkingbiznews.com Republicans get their IRS cuts; Democrats say they expect little near-term impact, by Fatima Hussein and Kevin Freking AI chips are hot. Here’s what they are, what they’re…

5 things to know before the stock market opens Thursday

cnbc.com Stocks are set to kick off June trading with modest gains, as investors remain wary of debt ceiling deal progress in Washington and potential Federal Reserve rate hikes…

Financial Advisor Scammers

entrepreneur.com Thousands of people fall victim to financial fraud every year, losing millions of dollars. According to the Federal Trade Commission, American consumers lost more than $5.8…

Markets Rise as Debt Ceiling Deal Moves to the Senate

nytimes.com Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote. The debt-ceiling deal is a step closer to becoming law after its…

Links 6/1/2023

nakedcapitalism.com Where Is the U.S. Economy Headed? Follow the Money WSJ US bank deposits fall $472 billion in Q1, largest drop in almost 40 years Anadolu Agency Foreigners pull more money…

Amazon to Pay $30M Over Ring and Alexa Data Privacy Violations

cnet.com Amazon will pay two separate penalties for privacy violations: $25 million for allegedly not deleting children's data and $5.8 million for failing to restrict access to Ring…

Amazon to pay over $30 million in FTC settlements over Ring, Alexa privacy violations

axios.com Amazon will pay over $30 million to settle Federal Trade Commission (FTC) allegations that its Ring and Alexa divisions violated the privacy of users. The latest: A lawsuit…

Amazon fined for violating children’s privacy with Alexa

siliconrepublic.com According to the FTC, Amazon turned a blind eye to parents’ data deletion requests and ‘sacrificed privacy for profits’. Amazon agreed to pay $25m in US fines yesterday (31…

FTC accuses Amazon of nightmare IoT security fails

theregister.com America's Federal Trade Commission has made Amazon a case study for every cautionary tale about how sloppily designed internet-of-things devices and associated services…

Amazon To Pay Over $30M To Settle Alexa, Ring Spying Claims

benzinga.com Amazon.com Inc. AMZN has agreed to pay $30.8 million in settlements with the Federal Trade Commission over allegations of spying on customers through Ring doorbell cameras…

The ‘great resignation’ — a trend that defined the pandemic-era labor market

cnbc.com During the past year, the rate at which Americans quit their jobs has steadily declined from a record high back to pre-pandemic levels — seeming to spell the end of the…

FTC hits Amazon with $25 million fine for violating child privacy with Alexa voice assistant

apnews.com FILE - Ernie Field pushes the doorbell on his Ring doorbell camera, July 16, 2019, at his home in Wolcott, Conn. In a vote Wednesday, May 31, 2023, the Federal Trade…

Amazon’s Ring doorbell was used to spy on customers, FTC says in privacy case

theguardian.com A former employee of Amazon’s Ring doorbell camera unit spied on female customers for months in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade…

Amazon to pay $30m over Alexa and Ring privacy violations

bbc.co.uk The company agreed to pay the US Federal Trade Commission (FTC) after it was accused of failing to delete Alexa recordings at the request of parents. According to the FTC…

Amazon’s Ring to pay $5.8M after staff and contractors caught snooping on customer videos, FTC says

techcrunch.com Ring, the Amazon-owned maker of video surveillance devices, will pay $5.8 million over claims brought by the Federal Trade Commission that Ring employees and contractors had…

Amazon fined $30 million to settle FTC privacy violations over Alexa assistant and Ring cameras

fortune.com Amazon will pay more than $30 million to settle alleged privacy violations involving its voice assistant Alexa and its doorbell camera Ring. The Federal Trade Commission…

Amazon settles with FTC for $25M after ‘flouting’ kids’ privacy and deletion requests

techcrunch.com Amazon will pay the FTC a $25 million penalty as well as “overhaul its deletion practices and implement stringent privacy safeguards” to avoid charges of violating the…

Amazon's Ring will pay $5.8 million to settle FTC lawsuit alleging employees and third-party contractors had unrestricted access to customer videos

businessinsider.com Amazon's Ring will pay the FTC $5.8 million to settle a lawsuit over privacy violation claims. Chip Somodevilla/Getty Images Amazon's Ring will pay the FTC $5.8 million to…

Amazon to Pay $25 Million to Settle Children’s Privacy Charges

nytimes.com Amazon agreed on Wednesday to pay a civil penalty of $25 million to settle federal charges that it kept sensitive information collected from children for years, including…

Amazon to pay more than $30 million to settle FTC privacy complaints over Alexa and Ring

cnn.com Amazon has agreed to pay more than $30 million to settle two federal lawsuits alleging that the tech giant violated users’ privacy — including that of children — through its…

Meta Platforms Asks Federal Court to Block FTC in Privacy Fight

wsj.com The FTC has accused Meta of violating a $5 billion privacy settlement. WASHINGTON— Meta Platforms asked a federal court to block the Federal Trade Commission’s attempt to…

Amazon.com's Ring will pay $5.8 million after employees spied on customer videos

nbcnews.com Create your free profile or log in to save this article Create your free profile or log in to save this article Amazon.com’s doorbell camera unit Ring has reached a…

Amazon Hit With a New FTC Lawsuit That Reveals Worrisome Privacy Issues

thestreet.com The FTC fine against doorbell camera maker Ring seems negligible --$5.8 million -- compared to the accusations levied against the company, which is a subsidiary of Walmart.…

Amazon’s Ring and FTC Settle Charges of Privacy Violations

pymnts.com Amazon’s Ring business unit has reached a settlement with the Federal Trade Commission (FTC) regarding its privacy and security practices. The proposed order, which must be…

Federal regulators fine Amazon $25 million over child privacy issues

washingtonpost.com The Federal Trade Commission has found that Alexa, Amazon’s personal voice assistant technology, violated a federal law meant to protect kids. Amazon failed to delete voice…