What is the role of the Federal Trade Commission (FTC) regarding cybersecurity?

The Federal Trade Commission (FTC) plays a critical role in enforcing laws related to data privacy and security. It is tasked with protecting consumers by addressing unfair or deceptive practices, which extends to how companies handle personal data and maintain cybersecurity measures. The FTC uses its authority to ensure that organizations follow best practices in data security and transparently communicate how they collect, use, and protect consumer information.

By overseeing compliance with these laws, the FTC helps to foster a safer online environment and holds companies accountable for data breaches or failures to protect sensitive information. This role is essential in the context of increasing cyber threats, as it drives companies to implement robust cybersecurity measures to safeguard consumer data and maintain trust.

In contrast, promoting competitive pricing focuses on market dynamics rather than directly addressing data protection. While developing new cybersecurity technologies is crucial, it falls outside the purview of the FTC's regulatory responsibilities, which do not typically involve technology development. Similarly, regulating internet service providers pertains more to communications and telecommunications issues than to cybersecurity and consumer data protection, thus differentiating it from the FTC's central mission.