Tag: Federal Trade Commission
ESA: FTC’s click-to-cancel rule 'imposes unnecessary and unlawful burdens’
November 6, 2024Cory Harris, Editor
DALLAS—The Electronic Security Association (ESA) is steadfast in its opposition to the Federal Trade Commission’s (FTC’s) newly adopted click-to-cancel rule, which allows consumers to cancel subscriptions more easily.
On Oct. 22, 2024, ESA filed a petition with the U.S. Court of Appeals for the Fifth Circuit to block the rule, which was announced on Oct. 16, and which requires sellers to offer subscribers “a way to cancel that’s as quick and easy as it...
ESA files petition for review regarding FTC’s click-to-cancel rule
October 31, 2024Cory Harris, Editor
DALLAS—The Electronic Security Association (ESA) announced that on Oct. 22, 2024, it filed a petition for review with the United States Court of Appeals for the Fifth Circuit to block the Federal Trade Commission’s (FTC’s) newly adopted click-to-cancel rule, which allows consumers to cancel subscriptions more easily.
The petition, which ESA filed jointly with the NCTA – The Internet & Television Association and the Interactive Advertising Bureau, seeks an order vacating...
Verkada reaches settlement with FTC
September 3, 2024Ken Showers, Managing Editor
SAN MATEO, Calif. — Verkada has reached an agreement with the Federal Trade Commission (FTC) resolving an investigation into a data security incident in March 2021 and, separately, marketing practices from 2019-21.
“We do not agree with the FTC's allegations, but we have accepted the terms of this settlement so that we can move forward with our mission and focus on protecting people and places in a privacy-sensitive way,” the company said in an online statement.
Data...
Identiv selling physical security business to Vitaprotech for $145 million
April 5, 2024SSN Staff
FREMONT, Calif.—Global digital security and identification provider Identiv has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to security solutions provider Vitaprotech for $145 million.
Identiv noted that the proceeds from the sale will significantly strengthen its financial position, generating capital to fund future organic and inorganic growth of its specialty IoT solutions business.
Aligned...
Evolv Technology gives regulatory update following SEC request
February 19, 2024SSN Staff
WALTHAM, Mass. – Evolv Technology, a security technology company working with AI-based weapons detection, has provided an update on a request received from the U.S. Securities and Exchange Commission (SEC).
In a release from Evolv it revealed that on Feb. 16, 2024, the SEC notified the company it was initiating an investigation that was described as a confidential “non-public, fact finding inquiry.” Evolv noted the SEC’s explicit guidance that the investigation “should...
Video analytics confirmed mommy was kissing Santa Claus
December 20, 2023Ken Showers, Managing Editor
That’s right everyone, I’m back from vacation, and you know what that means? Yeah, I’m ready to have another vacation from my vacation.
Allow me to both physically and metaphorically crack my knuckles because I have two more of these blogs to knock out in 2023. Once the new year starts, I’m contractually obligated to spend at least a month talking about everyone’s 2024 predictions before getting swept off to new adventures. It’s probably going to be about...
Veni, Vidi, Vivint
March 8, 2023Ken Showers, Managing Editor
I came, I saw, I stole their customers. Vivint has been having a rough time of it lately with multiple lawsuits hanging above its head, one of which already resolved decidedly not in their favor.
It might be important to examine the root cause of this problem which is that it looks like Vivint doesn’t like to share. Most of these lawsuits specifically would term it deceptive business practices. At the end of the day Vivint saw some customers that weren’t theirs and decided to change...
This Blog's on Fire (And Other Stuff)
ADT settles FTC complaint that it misled consumers
March 12, 2014Tess Nacelewicz
ADT misled consumers by paying experts to promote ADT Pulse on NBC's Today Show and through other media outlets without revealing the experts were paid—giving the impression the experts' reviews were independent, the Federal Trade Commission alleges.
The administrative complaint is part of the FTC's “ongoing crackdown on misleading endorsements in advertising,” according to an FTC news release. Now, to resolve that complaint, ADT has reached a settlement with the FTC that prohibits...
Security system scam moves across the U.S.
May 28, 2013SSN Staff
ESSEX, Mass.—A scam that plagued Arizona earlier in 2013 has crept east, according to an article from the Gloucester Times, a newspaper based in Gloucester, Mass.
At least one resident in Essex, Mass., received an unsolicited “robocall” claiming the local police department was encouraging residents to buy home security systems, and recommending an Arizona company to do the installation work, the article noted.
Suspicious, the resident reported the call to police, who found that...