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IP: FTC tries to block Toysmart's data sale
From: Dave Farber <farber () cis upenn edu>
Date: Tue, 11 Jul 2000 02:51:32 -0700
FTC tries to block Toysmart's data sale BY JOELLE TESSLER Mercury News The Federal Trade Commission moved aggressively to protect online privacy Monday by filing a lawsuit to block bankrupt Toysmart.com from selling its customer information to pay off creditors. Offering a possible sign of things to come for other troubled Web merchants, the FTC accused Toysmart of deceiving its customers by attempting to sell their personal data after promising that it would not share that information with any third parties. ``This sends an important signal that if you have a privacy policy, you must abide by it and you won't get off the hook just because you go out of business,'' said Eric London, an FTC spokesman. http://www.mercurycenter.com/svtech/news/front/docs/toy071100.htm
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