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Recent Editions
Risk Channel
North America
The Federal Trade Commission (FTC) has warned businesses that using consumers’ personal data to set individual prices without adequate disclosure could breach U.S. consumer-protection law. Companies using personalized pricing will be expected to clearly disclose the practice and the types of data used. The FTC is threatening enforcement action against those that fail to comply. The agency, which cannot prohibit personalized pricing outright, said consumers could suffer substantial harm when information such as browsing history, location and purchasing behavior is used without their knowledge to determine what they are willing to pay. The move comes amid growing scrutiny of artificial intelligence-powered pricing algorithms. New York and Maryland have already introduced their own disclosure requirements or restrictions.
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Risk Channel
UK/Europe
The French government has apologized and announced emergency cybersecurity measures after a major attack compromised tax information belonging to individuals and businesses, as well as land registry data, exposing weaknesses in aging state IT systems. The Finance Ministry plans to introduce two-factor authentication for all tax administration staff by year-end, strengthen access controls, overhaul threat detection, expand cybersecurity training and phishing awareness, increase bug bounty programs, and deploy AI tools to identify vulnerabilities and recommend fixes. An audit of the attack and France’s cybersecurity standards is due to be published in September. The response has faced criticism from opposition politicians and public-sector unions, which have called for greater investment and scrutiny of the government’s handling of the incident. The controversy intensified after officials disclosed a third breach involving inheritance-related data, although it is considered less serious than the earlier attacks.
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