Published: December 23, 2022
By Annie articles
Top FTC official warns companies on data
Axios: Samuel Levine, Director of the FTC’s Bureau of Consumer Protection team continues to crack down on companies that dissent under their consent decree. A large part of his role is overseeing consent orders, which are legal agreements a company can enter if an agency investigation claims that they breached consumer protection laws. Twitter has been under a consent order since 2011 but it is unclear who is in charge of compliance within the company since most of its staff has been laid off. The FTC will continue to focus on cases that have the most impact to other companies in the marketplace.
FTC fines Fortnite maker Epic Games $520M over children’s privacy and item shop charges
Tech Crunch: The FTC has fined Epic Games, creator of Fortnite, a whopping $520M over charges related to children’s privacy and for tricking users into buying content. The payment has been broken down into two settlements – $275M for violating the Children’s Online Privacy Protection Act (COPPA) and $245M to refund customers for what it calls “dark patterns and billing practices.” Epic has accepted both of the settlements and is installing additional safety controls for children.
Accenture shares 9 cybersecurity predictions for 2023
Venture Beat: Accenture shares its top cybersecurity predictions for 2023 and they include cyberattacks from groups who will wreak hvac and destroy data versus making monetary gains. Threat actors will continue to think outside the box and move from using malware to access corporate networks to social engineering techniques to gain access. One piece of good news is the prediction of organizations investing in more programs, including apprenticeships, to unlock cyber talent in the new year. Companies need to untap sources of talent which will improve the diversity in the industry.
For the 12th year in a row, the United States holds the title for the highest cost of a data breach, $5.09 million more than the global average (source)
In the past two years, 76% of organizations were attacked by ransomware and 66% experienced at least one software supply chain attack (source)
Something to think about as you finalize those 2023 goals:
Charlies is a 14 year cyber security expert. He started his career in the U.S. armed forces and then transitioned into commercial roles. A security engineer by training, he's well-versed in tool deployment and administration.
Ellen bring a decade of GRC expertise to the TalPoint community. She's knowledgeable on a variety of frameworks and employs a methodical approach to compliance. She's available for needs assessments, gap assessments, internal audits, and for certain frameworks running independent 3rd party audits.
Zachary bring a 20+ year career in risk management to the TalPoint community. He's worked across healthcare, finance, and supply chain manufacturing. His broad experience offers both a holistic view of risk as well as a common sense approach to risk management.