The government’s press release on an issue mentioned yesterday: a broad warrant for records on everyone who used Coinbase: A federal court in the Northern District of California entered an order today authorizing the Internal Revenue Service (IRS) to serve a John Doe summons on Coinbase Inc., seeking information about U.S. taxpayers who conducted transactions…
Category: Govt
FTC Releases Privacy Disclosure Staff Summary
Hannah Lepow writes: On November 30, the FTC released a staff summary of its September 15, 2016 public workshop, Putting Disclosures to the Test. Numerous goods and services, from home appliances to financial services, make use of disclosures to inform users of their privacy practices. These disclosures—whether delivered offline or online, via text, video, or audio—are a key…
IRS Quest for Coinbase Data Sets Dangerous Precedent
I had covered the government’s filing over on DataBreaches.net a few weeks ago, but this article by Jerry Brito is something more people should read – even if you’ve never used bitcoin and don’t envision yourself using it: It is understood and accepted that, if someone is investigated for tax evasion, a bank or brokerage may…
FTC Puts An End to Data Broker Operation that Helped Scam More Than $7 Million from Consumers’ Accounts
From the FTC: The Federal Trade Commission has closed the book on a data broker operation that the agency alleges got personal information from people who thought they were applying for payday loans online, and sold it to a scam that tapped consumers’ bank accounts and credit cards without their consent. A stipulated order against Jason…