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Financial Services Law Insights and Observations

FTC to Host Third PrivacyCon Event, Issues Call for Presentations

Privacy/Cyber Risk & Data Security FTC Fintech

Privacy, Cyber Risk & Data Security

On June 8, the FTC announced it will hold its third PrivacyCon, which will “expand collaboration among leading privacy and security researchers, academics, industry representatives, consumer advocates, and the government” to explore “the privacy and security implications of emerging technologies, such as the Internet of Things, artificial intelligence and virtual reality.” Specific topics will cover ways to quantify the harm when companies fail to secure consumer information, and how to “balance the costs and benefits of privacy-protective technologies and practices.” Additionally, the FTC issued a call for presentations to receive research and input on a several areas such as (i) the “nature and evolution of privacy and security risks”; (ii) “quantifying costs and benefits of privacy from a consumer perspective” and business perspective; and (iii) “incentives, market failures, and interventions.” Presentation submissions must be made by November 17, 2017. The event will take place on February 28, 2018 in Washington, DC.

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