Twitter, Client Data, and Is Your Business and Personal Data Secure

05/27/22 • 14 min

Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators' allegations that the social platform failed to protect the privacy of users' data over a six-year span. "Twitter obtained data from users on the pretext of harnessing it for security purposes but then ended up also using the data to target users with ads," FTC Chair Lina Khan said in a statements. I am sure that Elon Musk is doing his due diligence to make sure there are no other risk issues with this company as he plans to acquire it.

Then the question goes to us in business. How safe is your client data? Do you have a client data protection plan in place? Every business should have one. Especially tax preparers and CPA firms. They collect all of your family and financial data on you. Ask your accountant if they have a client data protection plan in place? Per the FTC a tax preparer has the same rules on client data protection rules as a bank. Any business should now have a client protection data plan in place.

FTC Statement of Twitter: https://www.ftc.gov/business-guidance/blog/2022/05/twitter-pay-150-million-penalty-allegedly-breaking-its-privacy-promises-again

If you would like to schedule a session with me for business advisory or mediation, go to my website at: http://www.lodge-co.com

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FTC Statement of Twitter: https://www.ftc.gov/business-guidance/blog/2022/05/twitter-pay-150-million-penalty-allegedly-breaking-its-privacy-promises-again

If you would like to schedule a session with me for business advisory or mediation, go to my website at: http://www.lodge-co.com

It would be great if you would support my podcast by going to: http://www.buymeacoffee.com/michaellodge

Get bonus content on Patreon

The best place to learn about business is by joining our daily business podast: https://plus.acast.com/s/the-business-advisor.

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Cut Your Expenses, Tighten Your Belts and Build Up Cash

In a San Francisco Business Journal article, Sequoia Capital is warning founders of the companies they have invested in to conserve cash and slash spending. The group gave a stark warning for its portfolio companies. Cut costs now. In early May the Menlo Park-based venture firm shared a presentation with its founders in which it warned them of a pending economic downturn that will last much longer and be more severe than what happened at the outset of the Covid-19 pandemic. They said that companies need to tighten their belts.

"Companies who move the quickest have the most runway and are most likely to avoid the death spiral." Sequoia said in its presentation.

"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." the venture firm said in its presentation.

Business Journal Article Link: CLICK HERE

If you would like to have access to me or book a business coaching time, go to: http://www.lodge-co.com

Please support my podcasts and blogs by going to: http://www.buymeacoffee.com/michaellodge

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The best place to learn about business is by joining our daily business podast: https://plus.acast.com/s/the-business-advisor.

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

I Am Thinking About Texas and Asking The Question - Are We To Blame?

Normally my podcast is about business, I love business. But today I am thinking about the kids and teachers killed in Texas and asking, are we to blame for this? It is easy to let kids sit down in front of video games that allows kids to kill everyday. When does a game become a reality because kids now look differently at death. And I ask the question, are we to blame? Have we not engaged our kids on one on one enough and let video games and media be the babysitter of our kids? I think we need to look at this question very deep, because we are all guilty of it. Sit down and listen to the conversations your kids are having online as they play their games. They are planning attacks, what weapon to use, how many people they are going to take out. Listen to their conversations. You may think it is all in fun, but is it? Is this healthy? Does it do damage to their mental health and where death is just a game? Are we to blame?

If you want more access to me, go to: http://www.lodge-co.com

Please follow me and support me by going to: http://www.buymeacoffee.com/michaellodge

Get bonus content on Patreon

The best place to learn about business is by joining our daily business podast: https://plus.acast.com/s/the-business-advisor.

Hosted on Acast. See acast.com/privacy for more information.