On February 27, the Federal Trade Commission (FTC) reached a settlement with Paypal, Inc. relating to the privacy and security practices of Venmo, Paypal’s peer-to-peer payment service. The FTC alleged that Venmo failed to adequately disclose to its users that transfers of funds from their Venmo balances to external bank accounts were subject to review, and such funds could be frozen or removed in cases of suspected fraud. The FTC’s complaint also charges that Venmo misled users about the scope of Venmo’s “bank grade security systems,” as well as the extent to which users could control the visibility of their transactions. Venmo allows individuals to send and receive…
United Arab Emirates to introduce new data protection law, a step towards a UAE data protection regime that would provide adequate level protection for the purposes of data transfers from the EU and other regulated jurisdictions.
Pres. Biden to nominate to FTC Alvaro Bedoya, Georgetown Law professor and founding director of GU’s Center on Privacy & Technology where his work has focused on surveillance technologies including facial recognition.
.@DPCIreland to fine #WhatsApp Ireland Ltd €225 million for failure to meet the #transparency requirements of #GDPR Articles 12-14. This fine increases the €30-50 million proposed in the DPC’s December draft decision. https://edpb.europa.eu/system/files/2021-09/dpc_final_decision_redacted_for_issue_to_edpb_01-09-21_en.pdf