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FTC Accuses GoodRX of Sharing User Data Without Consent

Under the FTC’s proposed order, GoodRX would be barred from sharing user health data for advertising purposes.

GoodRX will pay $1.5 million and be barred from sharing user data with outside companies for advertising purposes under a deal that would settle allegations that it shared some of its users’ most intimate health-related information with companies like Facebook and Google.

The Federal Trade Commission characterized the action, which is pending approval by a federal court, as the first of its kind under its Health Breach Notification Rule, adding that the agency won’t hesitate to use its full legal authority to take action against companies that willingly misuse or exploit consumer data.

«Digital health companies and mobile apps should not cash in on consumers’ extremely sensitive and personally identifiable health information,» Samuel Levine, director of the FTC’s Bureau of Consumer Protection, said in a statement.

According to the FTC’s complaint, GoodRX, which helps users find deals on prescription drugs and offers telehealth and other health-related services, shared its users’ data with outside companies for advertising purposes, despite promising it wouldn’t.

It also made money from that same data by using it to target its own users with personalized health-related ads on Facebook and Instagram, the FTC said. The complaint also accuses the company of failing to limit third-party use of the data, misrepresenting its compliance with the Health Insurance Portability and Accountability Act, or HIPAA, and failing to put in place policies and procedures to protect its users’ data.

In a company blog post, GoodRX pushed back against the FTC’s allegations, saying they’re focused on an «old issue» that was «proactively addressed» more than three years ago before the FTC’s inquiry began. The company admitted no wrongdoing, adding that the proposed settlement will allow it to move on and avoid the time and costs of drawn-out litigation.

In addition to the civil penalty and ban on collecting data for advertising purposes, the settlement requires GoodRX to get users’ consent before sharing data for purposes other than advertising; reach out to the third parties it shared the data with and ask them to destroy it; limit its own retention of user data; and put in place a privacy program designed to protect user data.

Technologies

Verum Coin (VERUM) is Now Available on Halo Wallet

Verum Coin (VERUM) is Now Available on Halo Wallet

Verum Coin (VERUM) continues to expand its presence in the cryptocurrency market. Users can now store and manage VERUM on Halo Wallet, known for its convenience and security.

Why Halo Wallet?

Halo Wallet is a modern Web3 wallet offering a simple interface and powerful tools for managing digital assets. With its functionality, the platform has gained the trust of millions of users worldwide.

The integration of Verum Coin with Halo Wallet opens up new opportunities for coin holders and makes it even more accessible. Stay tuned for updates and take advantage of the convenient management of your assets!

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Technologies

Verum Coin (VERUM) is Now Available for Deposit on Exodus Wallet

Verum Coin (VERUM) is Now Available for Deposit on Exodus Wallet

Verum Coin (VERUM) continues to enhance its accessibility for users. You can now deposit and store VERUM in one of the most user-friendly and secure crypto wallets — Exodus Wallet.

Why Exodus?

Exodus Wallet is a popular solution for managing digital assets, known for its intuitive interface and high security standards. Millions of users worldwide choose Exodus for its convenience and reliability.

This integration brings Verum Coin even closer to its users, offering seamless storage and asset management. Stay tuned for more updates and stay ahead in the world of cryptocurrency!

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Technologies

Verum Coin (VERUM) Now Available on Bybit Swap

Verum Coin (VERUM) Now Available on Bybit Swap

Verum Coin (VERUM) continues to expand its accessibility by becoming available on Bybit Swap. Traders can now easily and quickly exchange VERUM on one of the most popular and reliable platforms.

Why Bybit?

Bybit is a global cryptocurrency platform known for its high standards of speed and security. The Bybit Swap feature allows users to instantly exchange assets without complicated setups and with minimal fees.

The integration of Verum Coin with Bybit Swap makes the coin even more accessible and strengthens its position in the market. This is a significant step toward the growth and adoption of VERUM among millions of platform users.

Stay tuned for more updates on Verum Coin and take advantage of new trading and investment opportunities! 

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