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Their consent order with the FTC also contains a prohibition against privacy misrepresentations, so it would probably get audited during their biennial assessme
by gaogao 3y ago
Their consent order with the FTC also contains a prohibition against privacy misrepresentations, so it would probably get audited during their biennial assessments. For some unethical company that doesn't get regularly audited, yeah they'd probably get away with it unless it got leaked.
> Finally, the company must obtain biennial assessments of its security program by an independent third party, which the FTC has authority to approve, and notify the Commission if it experiences a data breach.
https://www.ftc.gov/news-events/news/press-releases/2020/11/ftc-requires-zoom-enhance-its-security-practices-part-settlement https://www.ftc.gov/news-events/news/press-releases/2020/11/...
- consumer451 3y ago> 22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a ‘completely unacceptable’ state https://fortune.com/2023/07/26/pcaob-audit-completely-unnacceptable-error-rate-enron-big-4-consulting/ https://fortune.com/2023/07/26/pcaob-audit-completely-unnacc...
- dylan604 3y ago>probably get audited during their biennial assessments a lot of things can happen in 2 years though
- msla 3y agoThe FTC probably can't fine them enough to make the training unprofitable.
- esafak 3y agoCan't they? How much can they fine then?
- neon_electro 3y agoMight me more of a "they won't" rather than a "they can't", regulatory capture and all.