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FTC issued orders to social media and streaming platforms asking for information about advertising for fraudulent products and scam

Chinese market regulator tightens scrutiny on live-streaming e-commerce platforms

China's market regulator, the State Administration of Market Regulation (SAMR) has tightened its scrutiny over livestreaming e-commerce platforms. The SAMR has expressed concerns of misleading advertisements by internet influencers who sell goods dir...

US Federal Trade Commission fines Fortnite maker $245m for deceptive business practices

On 14 March 2023, the Federal Trade Commission (FTC) ordered Epic games, the maker of the Fortnite video game, to pay US$245m for consumers regarding the use of dark patterns misleading players into unwanted purchases and for allowing children to acc...

Ireland published the Representative Actions for the Protection of the Collective Interests of Consumers Bill 2023

On 13 March 2023, the bill Representative Actions for the Protection of the Collective Interests of Consumers Bill 2023 was published. The objective of the Bill is to implement Directive (EU) 2020/1828 of the European Parliament and Council, which co...

Australian regulator announced its Compliance and Enforcement Priorities for 2023-2024

WhatsApp agrees to be more transparent when updating terms of service

The European Commission has announced that WhatsApp has committed to being more transparent on changes to its terms of service. For future updates to its terms, WhatsApp promised it would explain clearly to users what changes it intends to make ...

CISA and FDA issues warning about SweynTooth cybersecurity vulnerabilities

The US Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA) and the US Food and Drug (FDA) has informed patients, healthcare providers, and manufacturers about the cybersecurity vulnerability referred to as 'Sweyn...

Singapore launches cybersecurity labeling scheme for IoTs

The Cyber Security Agency of Singapore announced the launch of their Cybersecurity Labelling Scheme (CLS). According to the scheme, cybersecurity labels will be issued to Internet of things (IoT) devices and will indicate their security provisions. T...

UK's NCSC issues advice on securing IoT home devices

The UK National Cyber Security Centre (NCSC) released a public recommendation urging consumers to secure their Internet of things (IoT) devices. The NCSC highlighted the growing popularity of connected home devices and provided security guidance for ...

European Council advanced on the negotiation of financial services contracts concluded at a distance directive

On 02 March 2023, the European Council agreed on a general approach for the directive regarding financial services concluded at a distance. The Council's general approach supports the European Commission's proposal on 11 May 2022 that introduced the ...

US House of Representatives passed The Informing Consumers about Smart Devices Act

The United States House of Representatives passed the Informing Consumers about Smart Devices Act. According to the Act, the Federal Trade Commission will require IoT manufacturers to disclose whether recording hardware is installed into smart device...

The IMF is in favor of regulating the cryptoassets but also leaving the mechanism for ban if needed