Privacy Tip #161 – FTC Launches “Data Spotlight”

Robinson+Cole Data Privacy + Security Insider
Contact

The Federal Trade Commission (FTC) announced recently that it will release an aggregated report of all of the consumer complaints that are lodged by individuals on a quarterly basis instead of annually. The goal is to provide more up to date information about what consumers are experiencing so others can learn about them and protect themselves from becoming a victim.

The FTC also launched its Consumer Protection Data Spotlight which it says will “take a deep dive into the data to illuminate important stories we are hearing from consumers. This can be very helpful to consumers to learn about scams, how others have become victims, and to be vigilant against the same or similar scams.

The first Data Spotlight explains how scammers are asking to be paid not only with Bitcoin, but with gift cards, including iTunes and Google Play cards. According to the Data Spotlight, the reports by consumers that scammers demanded payment in these cards increased 270% since 2015. The reason they want these cards is that they are difficult to reverse once they are issued and they can be used anonymously.

The FTC states “The FTC’s advice is simple: if someone tells you to pay with a gift card, don’t do it. Gift cards are for gifts, not for payments.” Sound advice from the FTC.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Robinson+Cole Data Privacy + Security Insider

Written by:

Robinson+Cole Data Privacy + Security Insider
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Robinson+Cole Data Privacy + Security Insider on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide