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In the FTC's first case against a social networking site, Twitter agreed to establish a security program that will be audited by another company. According to an FTC news release issued last week, Twitter "will be barred for 20 years from misleading consumers about the extent to which it maintains and protects the security, privacy and confidentiality of nonpublic consumer information." MORE In March, a portable media device with personal data for more than 3 million people was stolen from Minnesota-based Educational Credit Management Corp. It is believed to be the largest breach of its kind
Ian Wilkes, left, and Ginsu Yoon are the founders of Bynamite, which is testing software that monitors what ad networks and Web sites collect and assume to know about a user. LIFE, as they say, imitates art. And the way things work commercially today across much of the Web recalls that chapter in “The Adventures of Tom Sawyer” where Tom cajoles his guileless friends into whitewashing Aunt Polly’s fence. They supply the labor, but he gets the reward. On the Internet, users supply the raw material that helps generate billions of dollars a year in online advertising revenue. Search ... Read More
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