Technology is rightfully applauded for all what it has done to transform the dynamics of our lives. The scale on which it has consistently functioned and delivered makes it easy to deem it as a flawless piece of creation, but is it really the case? Well, not quite! Even with its exceedingly brilliant assortment of tools, technology does suffer from a fair share of shortcomings. Now, how you view these shortcomings depends largely on the purpose of your use, however, there are certain issues which affect us pretty much in the same capacity. This is the area where technology’s universality becomes a fatal problem, therefore to curb the risk posed by such shortcomings; regulatory bodies across the board have now expanded their radius of supervision into the tech world. The idea of blending traditional governance, risk management, and compliance with technology did stir some controversy at the beginning, but the importance of it slowly dawned on everyone. If we have to assess the decision from a general standpoint, we can call it as a proper so far-so-good story, but now the regulators responsible for enforcing this change face their biggest test, and it remains to be seen how they respond. As we know, the onslaught of cyberattacks since the last year has left the digital realm in jeopardy. Privacy violations are at an all-time high, and the urgency to fix the picture is increasing with every new case. There haven’t been a whole lot of concrete measures yet, nevertheless, positive word is finally coming out of the FTC offices.
As per the reports, Federal Trade Commission of U.S. is tinkering with different ideas to bolster up online privacy protections. These new additions to the rulebook will focus a fair bit on constructing better online security for children, who are always at a higher risk of being targeted by threat actors. In an actionable sense, one of the primary methods that are expected to get roped in here would be imposing a fresh batch of obligations on businesses over how they handle user data. Another solution on the table is to create clear distinction between commercial practices. In this scenario, the authorities will use the vested power to explicitly declare certain approaches as unfair and deceptive.
For children in particular, there is also a suggestion to update the rules under 1998 Children’s Online Privacy Protection Act. This will be further complimented by individual targeting of companies that are either popular amongst the millennials or have shown recurring signs of a weak security structure.