Hogan Lovells privacy leader Chris Wolf has authored an article in Inside Counsel magazine, a journal providing insights for law department leaders. The piece is entitled “The Risks of Neglecting Privacy” and explains how privacy concerns likely will result in a stricter legal and regulatory framework, meaning that companies should act now to bolster consumer protection. This blog entry contains excerpts from and a link to the full article.
A financial services industry group recently released guidance on managing the risks associated with using social media such as Facebook and Twitter. The guidance, titled “Social Media Risks and Mitigation,” was released this week by BITS, a division of the Financial Services Roundtable, which represents 100 of the largest financial services companies. The guidance includes tips on managing numerous concerns specific to financial institutions, which are increasingly using social media in their marketing and customer relationship activities.
The FTC just unveiled an extremely useful web site with compliance tools that include a robust selection of privacy-related materials.