“Company executives would face possible jail time for lying to the Federal Trade Commission about privacy and data security matters, under a new bill by U.S. Sen. Ron Wyden, a Democrat representing Oregon,” reports Daniel R. Stoller, Esq. for Bloomberg Law.
“The Mind Your Own Business Act would give the FTC new authorities and resources to police privacy. It would allow the FTC to issue fines for first-time privacy violators of up to 4 percent of annual revenue, similar to a potential penalty under the European Union’s General Data Protection Regulation.”
” Wyden’s bill also would establish a national Do Not Track system allowing consumers to tell companies to stop tracking their online activities or collect data about their web habits. It also would give consumers a way to review personal data that companies collect, share or sell.”