ANNUAL PRIVACY AND SECURITY UPDATE FOR 2019
2 MARCH 2020
The Federal Trade Commission (“FTC”) released its Annual Privacy and Security Update for 2019 on 25.02.2020 emphasising that 2019 is a record year for enforcement actions aimed at protecting consumer privacy and data security.
As an example of the record year, it was given in the report that Facebook was fined $5 billion for violation of 2012 FTC privacy order that is the largest consumer privacy penalty ever.
Moreover, in the release, it was stated that the FTC levied $170 million penalty against YouTube and Google for violating the Children’s Online Privacy Protection Act (“COPPA”).
Moreover, the FTC stated that Equifax which is one of the three largest consumer credit reporting agencies, was imposed fine up to $700 million in relation with its data breach in 2017 that affected around 147 million consumers.
Additionally, the FTC brought 13 cases in 2019 regarding the enforcement of the EU-U.S Privacy Shield Framework.
You can read the release here.
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