The FTC is threatening to seize algorithms from companies that have developed them from misusing data.
I'm not sure how they could do this, since anyone with a memory stick can make a copy and walk out the door:
The chief technologist of the U.S. Federal Trade Commission told a conference on Tuesday that the agency envisions forcing companies that engage in illegal data uses to "not just disgorge data and money," but also "algorithms that were juiced by ill-gotten data."
Chief technologist Erie Meyer also floated the possibility of corporate restructuring and stronger enforcement against "companies that sacrifice security in service of speed," making them "subject to bans just like abusive debt collectors."
"We're going to make sure that data abusers face consequences for their wrongdoing," she said. She slammed fixes that make "a disclosure longer or a one time fine bigger" and suggested the FTC needed to take on entire business models.
This is all very welcome, but I expect this to be tied up in court fort years.
If they are serious though, they need to take down one of these tech unicorns first.
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