Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comAuthor: Scarinci Hollenbeck, LLC|January 29, 2015
The Federal Trade Commission (FTC) recently issued a report on the Internet of Things, which includes steps that New York and New Jersey businesses can take to protect consumer privacy and security.
The term “Internet of Things” (IoT) refers to the ability of everyday objects, from home security systems to pacemakers, to connect to the Internet and to send and receive data. According to the FTC, there will be 25 billion connected devices by the end of 2015. As adoption of the technology grows, so do the potential data security risks, including unauthorized access, misuse of personal information, and personal safety concerns.
To examine how best to address the risks to consumers, the FTC convened a panel of experts, including technologists and academics, industry representatives, and consumer advocates; the agency also solicited comments from the public. Not surprisingly, the top concern was data security.
“The only way for the Internet of Things to reach its full potential for innovation is with the trust of American consumers,” said FTC Chairwoman Edith Ramirez. “We believe that by adopting the best practices we’ve laid out, businesses will be better able to provide consumers the protections they want and allow the benefits of the Internet of Things to be fully realized.”
With regard to federal legislation, the FTC concluded that it “would be premature at this point in time given the rapidly evolving nature of the technology.” However, the agency strongly recommends the adoption of comprehensive data security and breach notification legislation.
The Firm
201-896-4100 info@sh-law.comThe Federal Trade Commission (FTC) recently issued a report on the Internet of Things, which includes steps that New York and New Jersey businesses can take to protect consumer privacy and security.
The term “Internet of Things” (IoT) refers to the ability of everyday objects, from home security systems to pacemakers, to connect to the Internet and to send and receive data. According to the FTC, there will be 25 billion connected devices by the end of 2015. As adoption of the technology grows, so do the potential data security risks, including unauthorized access, misuse of personal information, and personal safety concerns.
To examine how best to address the risks to consumers, the FTC convened a panel of experts, including technologists and academics, industry representatives, and consumer advocates; the agency also solicited comments from the public. Not surprisingly, the top concern was data security.
“The only way for the Internet of Things to reach its full potential for innovation is with the trust of American consumers,” said FTC Chairwoman Edith Ramirez. “We believe that by adopting the best practices we’ve laid out, businesses will be better able to provide consumers the protections they want and allow the benefits of the Internet of Things to be fully realized.”
With regard to federal legislation, the FTC concluded that it “would be premature at this point in time given the rapidly evolving nature of the technology.” However, the agency strongly recommends the adoption of comprehensive data security and breach notification legislation.
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