Before consumers buy a used car, we suggest they consult the Buyers Guide posted in the window. And before dealers post the Buyers Guide, we suggest they consult Answering Dealers’ Questions about the Revised Used Car Rule, a new resource to help them comply with the Rule.
Recent headlines offer a reminder that no business is immune from cyberattack. If you’re a tax professional, the sensitive information you handle makes you a particularly appealing target. Find out how to reduce your cyber risk at a free webinar for tax professionals.
When you make a pact, you must keep your promises . . . or else there are consequences. That’s the premise of Pact, Inc.’s app, which lets you pledge to perform certain healthy activities each week. That’s also the lesson from Pact’s settlement with the FTC over its own broken promises.
During red carpet season, runway commentators invariably ask the question, “Who are you wearing?” Just once we’d like to see a celebrity look at the label, take out their smartphone, and run the information through the FTC’s Registered Identification Number (RN) database. As part of its regulatory reform initiative, the FTC has announced upgrades to rn.ftc.gov that make the system even easier to use.
Consumers are apprehensive about the security of their personal information and recent headlines about data breaches have moved the needle substantially on the -ometer that measures such things. As a business executive, your customers and employees may be coming to you with questions. Here are answers from the FTC about two topics on consumers’ minds: fraud alerts and credit freezes.
It sounds like there was some “inventing” going on at Florida-based invention promotion firm World Patent Marketing, but a Preliminary Injunction in a case brought by the FTC suggests it wasn’t the kind that unsuspecting consumers bargained for when they forked over millions of dollars based on the defendants’ misleading promises about patenting and promoting their products.
The EU-U.S. Privacy Shield Framework has been in place for more than a year and the Swiss-U.S. Privacy Shield went into effect in April 2017. Self-certification programs like Privacy Shield offer benefits to business and protections for consumers. The FTC enforces the promises companies make when they join the frameworks, as well as false claims of participation.
If you have any influence over influencers, alert them to three developments, including the FTC’s first law enforcement action against individual online influencers for their role in misleading practices. According to the FTC, Trevor Martin and Thomas Cassell – known on their YouTube channels as TmarTn and Syndicate – deceptively endorsed the online gambling site CSGO Lotto without disclosing that they owned the company.
The Wizard of Oz was right: “Pay no attention to the man behind the curtain.” That’s because according to an FTC settlement, computer company Lenovo should have been paying attention to the “man in the middle.” In this case, the “man in the middle” was preloaded ad-injecting software that put consumers’ personal information at risk from harmful man-in-the-middle attacks.
Ask a business person where their office is located and the likely answer is “everywhere.” They’re working from home, staying in the loop while traveling, and catching up on email between sales calls. For productivity’s sake, many companies give their employees – and perhaps clients or service providers – remote access to their networks. Are you taking steps to ensure those outside entryways into your systems are sensibly defended?
If you or your clients are in the tax preparation field, there are three letters you should focus on. OK, I-R-S may be the first thing on your mind. But as the FTC’s proposed settlement with TaxSlayer suggests, don’t forget those other important letters: G-L-B.
Should auld acquaintance be forgot and never brought to mind?
It’s illegal under fed’ral law to collect debts you’re not assigned.
Many historians acknowledge it as the oldest federal law enforcement agency, tracing back to 1772. Benjamin Franklin was integral to its establishment. And the FTC’s Criminal Liaison Unit (CLU) is proud to present one of its employees with the Consumer Shield Award, which recognizes outstanding work by a law enforcement officer in fighting consumer fraud.
Who’s coming in and what’s going out? Businesses that want to stick with security build commonsense monitoring into their brick-and-mortar operations. Whether it’s a key card reader at the door or a burglar alarm activated at night, careful companies keep an eye on entrances and exits.
According to the “Mad Men” stereotype, you could spot an old-school advertising agency executive by the tailored wardrobe and expense account lunch. A lot has changed in the ad game, but two truths remain: 1) More than 50 years of FTC cases establish that ad agencies may be liable for their role in deceptive campaigns; and 2) Companies that may not describe themselves as “ad agencies” may still be held responsible for illegal acts or practices. In other words, the FTC looks to the facts, not the grey flannel suit.
Tax professionals are prime targets for identity thieves. Why? Your clients’ information — bank and investment accounts, Social Security numbers, medical records, and more — can be a virtual goldmine in the wrong hands. That’s why securing it against a data breach is critical to protect your clients and your business.