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Twitter warns investors of possible fine from FTC consent order probe

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Twitter has disclosed it’s facing a potential fine of more than a hundred million dollars as a result of a probe by the Federal Trade Commission (FTC) which believes the company violated a 2011 consent order by using data provided by users for a security purpose to target them with ads.

In an SEC filing, reported on earlier by the New York Times, Twitter revealed it received the draft complaint from the FTC late last month. The activity the regulator is complaining about is alleged to have taken place between 2013 and 2019.

Last October the social media firm publicly disclosed it had used phone numbers and email addresses provided by users to set up two-factor authentication to bolster the security of their accounts in order to serve targeted ads — blaming the SNAFU on a tailored audiences program, which allows companies to target ads against their own marketing lists.

Twitter found that when advertisers uploaded their own marketing lists (of emails and/or phone numbers) it matched users to data they had submitted purely to set up two-factor authentication on their Twitter account.

“The allegations relate to the Company’s use of phone number and/or email address data provided for safety and security purposes for targeted advertising during periods between 2013 and 2019,” Twitter writes in the SEC filing. “The Company estimates that the range of probable loss in this matter is $150.0 million to $250.0 million and has recorded an accrual of $150.0 million.”

“The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome,” it adds.

We’ve reached out to Twitter with questions.

The company has had a torrid few weeks on the security front, suffering a major security incident last month after hackers gained access to its internal account management tools, enabling them to access accounts of scores of verified Twitter users, including Bill Gates, Elon Musk and Joe Biden, and use them to send cryptocurrency scam tweets. Police have since charged three people with the hack, including a 17-year-old Florida teen.

In June Twitter also disclosed a security lapse may have exposed some business customers’ information. While it was forced to report another crop of security incidents last year — including after a researcher identifying a bug that allowed him to discover phone numbers associated with millions of Twitter accounts.

Twitter also admitted it gave account location data to one of its partners, even if the user had opted-out of having their data shared; and inadvertently gave its ad partners more data than it should have.

Additionally, the company is now at the front of a long queue of tech giants pending enforcement in Europe, related to major GDPR complaints — where regional fines for data violations can scale to 4% of a company’s global annual turnover. Twitter’s lead data protection regulator, Ireland’s DPC, submitted a draft decision related to a probe of one of its security breaches to the bloc’s other data agencies in May — with a final decision slated as likely this summer.

The decision relates to an investigation the regulator instigated following yet another major security fail by Twitter in 2018 — when it revealed a bug had resulted in some passwords being stored in plain text.

As we reported at the time it’s pretty unusual for a company of such size to make such a basic security mistake. But Twitter has a very long history of failing to protect users’ data — with additional hacking incidents all the way back in 2009 leading to the 2011 FTC consent order.

Under the terms of that settlement Twitter was barred for 20 years from misleading consumers about the safety of their data in order to resolve FTC charges that it had “deceived consumers and put their privacy at risk by failing to safeguard their personal information”.

It also agreed to establish and maintain “a comprehensive information security program”, with independent auditor assessments taking place every other year for 10 years.

Given the terms of that order a fine does indeed look inevitable. However the wider failing here is that of US regulators — which, for over a decade, have failed to grapple with the exploitative, surveillance-based business models that have led to breaches and security lapses by a number of data-mining adtech giants, not just Twitter.

Source : TechCrunch Read More

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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