Jessica Guynn reports: … Now the Palo Alto company is looking to cash in on this mother lode of personal information by helping advertisers pinpoint exactly whom they want to reach. This is no idle boast. Facebook doesn’t have to guess who its users are or what they like. Facebook knows, because members volunteer this…
Category: Business
Privacy expert seeks judicial review to overturn BT-Phorm decision
Dinah Greek reports: Alex Hanff of Privacy International has begun legal steps to instigate a judicial review into the Crown Prosecution Service’s (CPS) decision not to prosecute BT for covert use of Phorm’s Webwise software. The secret trials of the behavioural monitoring software run by BT in 2006 and 2007, breached the Regulation of Investigatory Powers…
Internet firms wake up to federal privacy scrutiny
Cecilia Kang reports: As LinkedIn prepares to sell its stock to the public, the social network for professionals is warning of a potential threat to its business: Internet privacy laws. In a filing to the Securities and Exchange Commission this month, the startup said a push by federal regulators to create first-time privacy rules “could…
GunnAllen Financial executives settle with SEC over charges they failed to protect confidential customer information
The Securities and Exchange Commission has charged three former brokerage executives for failing to protect confidential information about their customers. The SEC’s investigation found that while Tampa-based GunnAllen Financial Inc. was winding down its business operations last year, former president Frederick O. Kraus and former national sales manager David C. Levine violated customer privacy rules…