The FTC has fined Amazon $2.25 million after the agency determined the company refused to supply identity theft victims with records of fraudulent purchases, violating the Fair Credit Reporting Act. The settlement obliges Amazon to strengthen its handling of such customer requests.
The complaint describes how victims who reached out for help reportedly entered a Kafkaesque sequence in which agents demanded the name of the account creator before releasing any records.
https://x.com/FTC/status/2071962046250271075
Amazon allegedly kept the victim’s credit card linked to the thief’s account.
Tap a lens to see what this story means for you.
Reader-supported · Daily Brief
Daily brief at 7 AM ET. Top tech stories, every morning. Sourced and fact-checked.
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
TSMC posted a 77.4% year-on-year profit increase to NT$706.56 billion and raised its capital spending outlook while announcing another $100 billion for Arizona fabs. The results underscore sustained AI demand that now dominates 66% of its platform revenue.
ChangXin Memory Technologies expects to raise 57.9 billion yuan ($8.55 billion) in its Shanghai STAR Market IPO after doubling its original target. The world's fourth-largest DRAM chipmaker will list on July 27, advancing China's push for semiconductor self-reliance.
CISA added CVE-2023-4346 affecting KNX Association KNX Protocol Connection Authorization Option 1 to its Known Exploited Vulnerabilities catalog on 2026-07-15. Federal agencies must finish remediation by 2026-07-29. The overly restrictive account lockout mechanism could let attackers purge devices and set a BCU key when extra security options remain disabled, so organizations must apply vendor mitigations under BOD 26-04.
