Welcome to “Last Week in Privacy!” Each week, OneTrust’s in-house privacy experts will give you the top international privacy industry highlights from last week.
- According to recent reports, the Federal Trade Commission and Facebook are negotiating a record multi-billion dollar settlement as a result of the FTC’s investigation into Facebook’s privacy practices. If agreement is reached, the fine would be the largest ever imposed by the FTC on a technology company. The negotiations are a result of the FTC’s probe into Facebook’s privacy practices last March after the much-reported incident with Cambridge Analytica, which the FTC has concluded amounts to a violation of its 2011 agreement with Facebook. If a settlement is not reached, however, the alternative would likely result in an extensive legal battle in federal court.
- The European Parliament, the Council of the European Union and the European Commission have reached a political deal on the first-ever rules aimed at creating a fair, transparent and predictable business environment for businesses and traders when using online platforms. The rules include new bans on certain unfair practices, requirements for greater transparency in online platforms, and new avenues for dispute resolution and enforcement. The new rules will be set to apply sometime in 2020, 12 months after their final adoption and publication.
- EU lawmakers have reached an informal agreement on new rules that would give law enforcement increased access to financial information. The new rules would allow certain authorities to access bank account information for the prevention, detection, investigation and prosecution of criminal offenses. The rules would also require financial intelligence units to cooperate with law enforcement requests for financial information or analysis, and allow for greater exchange of financial information related to terrorism and organized crime. The proposed rules will now need to pass through the Civil Liberties Committee, Parliament and the Council before entering into force.
- The European Data Protection Board has released its work program for 2019 and 2020. The work plan outlines a long list of planned guidelines, consistency opinions and other EDPB activities to look forward to, and shows a focus on specialized areas and technologies. Among many other things, the plan includes new guidance and opinions on cross border transfer mechanisms, privacy by design, legitimate interests, data subject rights, and ePrivacy. According to the EDPB, the work program was based on the needs identified by members of the EDPB as being priorities for stakeholders, as well as on the planned activities of EU legislators.
- California’s new Governor, Gavin Newsom, has proposed the implementation of a “data dividend” that would allow California residents to receive compensation for the collection and use of their data. According to Governor Newsom, “California’s consumers should also be able to share in the wealth that is created from their data.” The proposal follows in the massive wake created by last year’s passage of the California Consumer Privacy Act.
That’s all for this week, be sure to join us next week for Last Week in Privacy.