FTC Warns Big Data Companies on Consumer Privacy

Federal Trade Commission Chairwoman Edith Ramirez on Monday issued a stern warning to U.S. companies that house vast amounts of consumers' personal data: Watch out. Speaking at the Technology Policy Institute's annual conference in Aspen, Colo., Ramirez said the FTC is keeping a close eye on "big data" companies, and is ready to take action when consumer privacy is under threat. "The FTC recognizes that the effective use of big data has the potential to unleash a new wave of productivity and growth," Ramirez said in her prepared remarks [PDF]. "Like the lifeguard at the beach, though, the FTC will remain vigilant to ensure that while innovation pushes forward, consumer privacy is not engulfed by that wave." Affiliate publication Corporate Counsel has more.

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