The Federal Trade Commission (FTC) issued a press release and a request for information on March 22, 2023, soliciting comments from the public on cloud computing business practices, including issues related to market power, competition, and potential data security risks.
Regarding data security, the request for information seeks to gain insight on cloud computing against the backdrop of FTC guidance to businesses on steps to secure and protect data stored in the cloud. This request comes amid recent FTC enforcement matters (such as against education technology provider Chegg) alleging failure to adequately secure data stored on third-party cloud computing services.