Federal regulators are rethinking their approach to online privacy and security, reports the Wall Street Journal -- asking academics, public interest groups, and industry executives to suggest ways to overhaul rules to better protect consumers. As part of the review, David Vladeck, the Federal Trade Commission's new head of consumer protection, is considering whether to throw out current privacy protections that revolve around lengthy disclosure statements that consumers rarely read. What's unclear is what the FTC would propose instead. The FTC already has signaled a more aggressive approach to policing online business practices. In June, the agency reached a settlement...

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