FTC Fires Warning Shot Over Chaos At Twitter HQ

CNBC reports:

The Federal Trade Commission is closely watching Twitter’s moves under new owner Elon Musk, a spokesperson said in a statement Thursday. The agency struck a settlement with Twitter earlier, which granted it oversight of certain security and privacy practices at the company.

“We are tracking recent developments at Twitter with deep concern,” an FTC spokesperson said in a statement. “No CEO or company is above the law, and companies must follow our consent decrees. Our revised consent order gives us new tools to ensure compliance, and we are prepared to use them.”

The FTC’s latest settlement with Twitter builds on a 2011 agreement binding the company to install reasonable privacy safeguards and be accountable for an information security program. In 2022, when Twitter agreed to pay a $150 million penalty for allegedly deceiving users about how their phone numbers would be used to sell ads, the FTC gained new concessions from Twitter about how the company would be required to protect user data.

Read the full article.

FTC says it’s tracking developments at Twitter with ‘deep concern’ after key security departures https://t.co/veki7Cl0V5

— CNBC (@CNBC) November 10, 2022