Consumer Harm High Bar - 931 Words

Consumer Harm: High Bar in FTC Data Security Claims ALJ On November 13, 2015, A Federal Trade Commission’s (FTC) Chief Administrative Law Judge (ALJ) held that LabMD did not violate Section 5(a)of the Federal Trade Commission Act (FTC Act) by failing to provide reasonable security for personal information on computer networks. This is the first decision that limits the authority of FTC to regulate businesses that fail to appropriately safeguard their consumers’ electronic personal information. FTC first became involved with consumer privacy issues in 1995, when it promoted industry self-regulation. After determining that self-regulation was not effective, FTC began taking legal action under Section 5 of the FTC Act. Section 5 limits practices considered to be unfair to instances where, among other things, 1) the practice causes or is likely to cause substantial injury to consumers; (2) the substantial injury is not reasonably avoidable by consumers; and (3) the substantial injury is not outweighed by countervailing benefits to consumers or to competition. Since 2002, the FTC has brought over 50 cases against companies that have engaged in unfair or deceptive practices that put consumers’ personal data at unreasonable risk. Most of these cases resulted in settlements and did not provide judicial decisions addressing the FTC’s authority to regulate the data security practices of companies which have suffered a data breach. The first case to test the authority of FTC was FTCShow MoreRelatedBrand Management: Boost Juice1316 Words   |  6 PagesBOOST JUICE: Boost Juice was founded by Australian born, Janine Allis. The product advocates healthy living. This is now an extremely successful franchise business and the fastest growing juice bar chain of stores and products in Australia. The product Boost juice started off as an yoghurt product and after patenting the product, the juice was born. The stores: The Boost Juice operates through Franchise stores which is a very successful marked ploy because the owners realized that unless peopleRead MoreU.s. Consumer Product Safety Commission1616 Words   |  7 PagesThe U.S. Consumer Product Safety Commission have a job to do and it is based on protecting the consumer from dangerous risk of injury of death, that is associated with many kind of consumers products under the agency jurisdiction( wwwprnewswire.com/news2015). There has been many deaths and it has caused the world a trillions of dollars, annually, chemical and mechanized hazards has been many, the consumer has worked to make sure that safety it a number one factor (www.prnewswire.com/news-2015)Read MoreU.s. Consumer Product Safety Commission1736 Words   |  7 PagesThe U.S. Consumer Product Safety Commission, have to protect the consumer from dangerous risk of injury of death that is associated with many kind of consumers products under the agency’s jurisdiction ( wwwprnewswire.com/news 2015). There have been many deaths and it has caused the world trillions of dollars annually, there has also been chemical and mechanized hazards, Products has worked hard to make sure all products are safe (Seaquist, 2012). Products recalled include Toys, Cribs, tools, CigarettesRead MoreCase Study Of Kelloggs 4ps1600 Words   |  7 Pagesby Kellogg is sponsorship of events. In events people gather together and it becomes easy to attract all of them in lesser efforts. The event given in our case study is Star War TM movies. Kellogg used special offers, prizes to attract its target consumers in this event and got the success as well. After the event when company analyzed the success of the event it found that the advertising effort made by Kellogg reached at 65% of the target audience easily. The effectiveness of the marketing effortRead MoreGenetically And Genetically Modified Organisms1421 Words   |  6 Pagessignificantly different from what consumers would expect of that food (P. Byrne). For example, if a new gmo food includes stuff like protein, calcium, iron, etc. then the gmo foods would be labeled. With gmos needing to be labeled, are they safe to eat? Unfortunately, many of the gmo foods that are most popular are with children’s foods. According to Down to Earth, cereals, snack bars, snack boxes, cookies, processed lunch meats, and crackers all contain large amounts of high-risk food ingredients. SoRead MoreEGT1 Task31229 Words   |  5 Pagesthe consumers are charged by companies for the services provided. Industrial regulation is very important and was created to serve in the publics interest. Industrial regulation exists to moderate public services and govern control over prices for those services. â€Å"Industrial regulation comes from the theory of regulation of public interest which states that a natural monopoly must be regulated in order to prevent it from becoming a regular monopoly that charges monopoly prices, which harms societyRead MoreEssay on Qr Codes and Nursing1094 Words   |  5 PagesToyota manufactures to identify parts by scanning a two dimensi onal barcode, or, QR code at high speed. Since its inception in 1994 QR codes have become one of the most popular types of barcode used in Japan. Used primarily through Smart phones, this technology quickly allows consumers to access information contained in the QR code. In recent years the QR barcodes have infiltrated the United States via consumer advertisers and packaging companies. QR codes can be found on direct mail from advertisersRead MoreCoca Cola Co : Case Analysis1523 Words   |  7 Pagesof whether a Lanham Act claim by a private party may challenge a product label subject to regulation by the FDCA (Opinion of the Court). Rule: Plaintiff POM alleges under the Lanham Act that competitor Coca-Cola s label and product mislead consumers and harm POM s business. The lower courts rulings that the Lanham Act claim is precluded by the FDCA has no statutory basis in the text of the FDCA, the Lanham Act, or the expressed regulations of the FDA. The purposes of the two statutes affirm thatRead MoreMedication Safety Guidelines And Information1433 Words   |  6 Pagessyphilis and an order was written for Benzathine penicillin G 150,000U IM. When the pharmacist received the order, she read it incorrectly mistaking the â€Å"U† for a zero making the order 1,500,000 units. The nurse expressed concern about injecting a high amount intramuscularly as the label on the bag instructed. Further discussion took place, and a decision was made to administer the medication intravenously instead. The intravenous administration ended up being lethal to the infant, and the infantRead MoreCompetition Within The U.s. Pha rmaceutical Industry1599 Words   |  7 PagesCompetition within the U.S. pharmaceutical industry is very high. With less elastic demand than for other industries, profit potential is enormous. Demand is more inelastic as prescription drugs are necessary for many individuals with illnesses such as diabetes and high blood pressure. Within the industry, there are two types of manufacturers: brand name and generic. These groups compete not only among one another, but with each other as well. Brand name pharmaceutical companies often try to, and