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Update: FTC Settles With Toysmart Allowing Sale of Customer Data
Updated from 5:15 p.m. EDT
The Federal Trade Commission said Friday it has settled a dispute with Toysmart.com, allowing the failed online retailer to sell a list of personal information it gathered on customers, whom it had assured the data would be kept in confidence.
The agreement allows Toysmart to sell the list to a bidder that "is engaged in the family commerce market and agrees to abide by Toysmart's privacy policy," according to Harold Murphy, a lawyer with Hanify & King of Boston, which represents Toysmart. ...
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