Welcome to this module on consumer protection laws and first, we are going to deal with the general application of it. First of all of course, the goals. Again, this module will bring a lot of legal elements that might play a role when designing IT, crypto, or security systems. Let's go to this myriad, this whole bunch of all different laws that protect privacy. It's privacy in health care, it's privacy in genetic information, it's health care in educational programs, it's privacy protection in educational environments, it's privacy protection when it's considering protecting the children's privacy, it's privacy concerning financial reporting, of course, the main system in America is having credit card companies which means that reporting which needs to be done is also strictly regulated. Then there is of course, the federal law that applies for privacy and how the federal environment and federal organizations need to deal with privacy. Again, health care, HIPAA, GINA, and education, these three are being overseen not by the normal oversight organization which is the FTC, I will come to that in a moment, but these are overseen by different departments by different environments. So there's all kinds of different governmental organizations that apply and oversee the application of privacy in certain areas. Then there is of course, this special privacy law, the United States was one of the first that implemented an act that regulated privacy protection in 1974. It's a pity that they took out commercial organizations when in designing the law and when negotiating opponent in the latter stadium of the negotiations, the commercial organizations or the non-governmental organizations were taking out. So the Privacy Act only applies to federal organizations which is a pity as set. Now, let's go and see the most important privacy oversight organization namely, the FTC, the Federal Trade Commission. Chris Hoofnagle wrote a book on the privacy law which is being enacted by the FTC, and that's a very complete book on what the Federal Trade Commission is indeed doing with privacy law protection and in consumer law protection. The areas in which FTC works, so to speak, in which they oversee what and how privacy is being regulated and protected, first of all, they have a department within the FTC that does things on policy, and privacy, and data security. Then they have privacy and security enforcement, then they have a department on protecting consumer financial privacy, and of course the special children's online privacy protection. When we go and see what is being done in the financial areas, there's two important laws that see on privacy protection namely: the first is on the Fair Credit Reporting. As I said, the credit cards organizations of buying things on credit is very well known system, which means that a lot of people are entitled to know how good you are dealing with your debts and what you're lending, and using, and doing with credit cards. So the reporting on it between organizations is important, and that's being protected by a number of these laws and overseen by FTC. Again, children's privacy, online privacy, and e-mail telemarketing, and spread of malware is something which the FTC also oversees. When these principals, the Fair Information Principles, were being applied, is that one of the core principles and this is so-called notice and choice, which means that when you are properly notice. Okay. I'm going to tell you as this organization, this commercial, or the bank, or whatever is going to tell what is and in what way they are going to use your personal data. So they are giving away, well not away, they are telling you, they are noticing you on what their privacy policy as. As a consequence, when you are being told or when you have been told what the privacy policy is, then you can make a good choice. So this is a very important principle which is being used by the FTC to oversee, and how commercial organizations are operating in the area of privacy protection and so forth. When the next lecture within this module, we'll deal with privacy as an economic good that can be traded, so to speak. So thank you for watching this one and goodbye.
