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However, there are consequences for failing to file a tax return that you should be aware of. Why filing taxes is importantLegal obligationsFirst things first: Do you even need to file a tax return? However, you are required to file a tax return if you have $400 or more in net self-employment income. FAQs on what happens if you don't file taxesHow long can I go without filing taxes? If you don't file a tax return and don't owe any taxes, you have up to three years to claim any refund that might be due.

Persons: David Beck, Beck, filers, TurboTax, you'll, It's, it'll, there's, There's, haven't, Morgan, Tanza, Read Organizations: Free, NEC, TurboTax, Budget, Social Security, State, IRS, Levy, Railroad, Board, Military, garnishment, Chevron, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: U.S, Dix Hills, NY, TheStreet

☆ We're in the 7th round of the return to office prize fight, says Korn Ferry's Alan Guarino
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in the 7th round of the return to office prize fight, says Korn Ferry's Alan GuarinoAlan Guarino, Korn Ferry vice chairman of CEO and board services practice, joins 'Squawk Box' to discuss Boeing's new contract proposal with the machinist's union, the state of labor, return to office trends, future of hybrid or remote work, and more.

Persons: Korn, Alan Guarino Alan Guarino Organizations: Korn Ferry

☆ People want to work for a 'green flag' boss—this job interview question can help you find one
▼ + stars: | 2024-10-02 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

People want to work for a good boss just as much as they want to earn a good salary. That's why it's crucial to look for signs of a supportive manager, or a "green flag boss" as Weishaupt puts it, when you're interviewing for a new job. The one big thing I say to my team is, 'There's no mistake you can make that I can't fix.' On the other hand, if the manager responds that "people follow my lead or do what I say," Vyas says, "those are red flags." Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: don't, —, Frank Weishaupt, Deepali Vyas, Vyas, We're, aren't Organizations: Owl Labs, CNBC

☆ Amazon calls workers back 5 days a week—other companies may be 'right behind them,' expert says
▼ + stars: | 2024-09-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

The decision marks a significant shift from Amazon's earlier policy, which required employees to badge in three days a week. Following the announcement, anxious workers have flooded LinkedIn and X feeds with posts wondering if their companies would be next to get rid of flexible work arrangements. Just one-third (33%) of U.S. companies require employees to come to the office five days a week, according to recent data from Flex Index, a platform that tracks companies' flexible work policies. Under 10% of tech companies with more than 1,000 employees have such a requirement. "We might see other smaller tech companies follow Amazon's lead, but most will continue sticking to some kind of hybrid arrangement," he says.

Persons: Andy Jassy, Jassy, we've, Dan Kaplan, haven't, Brian Elliott, hasn't, Kaplan, Elliott, we'll Organizations: Amazon.com Inc, Amazon, Citigroup, Walmart, UPS, Kastle Systems, Flex, Workers, Employees Locations: Seattle , Washington, lockstep, U.S

☆ In a first for $21 billion Balyasny, a star PM will start building his own internal equities unit this month
▼ + stars: | 2024-09-17 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

This month, he'll start building a long-short equity division called Longaeva Partners inside Balyasny and exclusively managing the multistrategy hedge fund's capital, according to people familiar with the matter. "He was very coachable and progressed at a much faster rate than a lot of other, newer portfolio managers," Boyle said. "Peter was good at keeping his emotions out of his portfolio," Boyle said. At Balyasny, Goodwin will effectively have his own unit, though he'll be under the flagship Atlas Enhanced umbrella and operate on BAM's platform, including access to its technology, risk management, hiring, and human resources capabilities. The allure of such a setup is more time to spend on investing, which Longaeva will do exclusively with Balyasny money for now.

Persons: —, Peter Goodwin, Dmitry Balyasny's, Jeff Runnfeldt, Gustav Rydbeck, Goodwin, he'll, it's, they've, Point72, Point72 Goodwin, Peter, Korn, Scott Goodwin, Shaw, Perry Boyle, Boyle, delegating, he's Organizations: Service, Management, Business, Longaeva Partners, Millennium Management, Korn Ferry, JPMorgan, Lehman Brothers, Ziff Capital Locations: D.E

☆ American workers are stuck in place because everyone is too afraid of a recession to quit
▼ + stars: | 2024-08-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The stagnation has resulted in a rise in "stuck" workers — frustrated employees who say they want to quit a job, but are staying put as the fear of a potential recession looms in the backs of their minds. Google search interest for the search phrase "quitting job" is down 11% over the last year, according to data accessed from the search analytics tool Glimpse. AdvertisementGoogle search interest in the term "recession" has exploded 230% over the past month, Glimpse data shows. Google search interest in "recession" has more than doubled in the past month. Job market forecasters say the slowdown in hiring looks poised to continue, even if the Fed begins to loosen monetary policy.

Persons: —, That's, Amanda, It's, I've, Raymond Lee, Careerminds, Korn, Radhika Papandreou, Papandreou Organizations: Service, Business, Bureau of Labor Statistics, Conference Board, Google, Fed, National Federation of Independent

☆ Unemployment is now 'reasonable enough' for a Fed rate cut, says Korn Ferry's Alan Guarino
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnemployment is now 'reasonable enough' for a Fed rate cut, says Korn Ferry's Alan GuarinoAlan Guarino, Korn Ferry vice chairman, joins 'Squawk Box' to discuss the state of the labor market, impact on the Fed's inflation fight, rate path outlook, and more.

Persons: Korn, Alan Guarino Alan Guarino Organizations: Korn Ferry

☆ I've been a recruiter for the corporate elite for 25 years. These 10 mistakes can cost even the most brilliant candidate their dream job.
▼ + stars: | 2024-07-12 | by ( Deepali Vyas | ) www.businessinsider.com time to read: +8 min

Read previewAfter nearly 25 years of headhunting for the corporate elite, I've seen it all. But I've seen too many candidates rest on their laurels, assuming their existing Rolodex (yes, some still have those) is enough. I've seen it happen, and it's not pretty. I've seen candidates lowball themselves out of insecurity, and others demand outrageous packages out of hubris. I've seen candidates ghost companies after multiple rounds of interviews or respond poorly to rejection.

Persons: —, I've, they're, it's, I'm, Skip, you'll, It's, today's, Deepali Vyas, Tess Martinelli, tmartinelli@businessinsider.com Organizations: Service, Business, Google

Klaus Vedfelt | Digitalvision | Getty ImagesAlthough the unemployment rate has spent 30 months at or below below 4% — a near record — not everyone who wants a job has one. Others, alternatively, are well-qualified but often younger candidates who are struggling to find positions, comprising a contingent of "new unemployables," according to a recent report by Korn Ferry. 'NEETS' feel 'left out and left behind'Still, some young adults in the U.S. are neither working nor learning new skills. In 2023, about 11.2% of young adults ages 15 to 24 in the U.S. were considered as NEETs, according to the International Labour Organization. In other words, roughly one in 10 young people are "being left out and left behind in many ways," Bustamante said.

Persons: Klaus Vedfelt, Korn, Alí Bustamante, Bustamante, that's, Biden's, Julia Pollak, Pollak, David Ellis, Korn Ferry Organizations: Digitalvision, Worker Power, Economic Security, Roosevelt Institute, U.S . Bureau of Labor Statistics, International Labour Organization, Finance, Here's, Trump, Employers, National Association of Colleges Locations: New York City, U.S

☆ American workers, and bosses, are struggling to find the turn off switch
▼ + stars: | 2024-06-27 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +5 min

"Work has changed drastically compared to what it was just 10 years ago," Haney said when he introduced the bill. Workers shouldn't be punished for not being available 24/7 if they're not being paid for 24 hours of work." U.S. business oppositionSome U.S. business interests have argued it's up to workers to set their own work-life balance. Many critics of the bill point to the complexity of establishing non-working hours for salaried employees —the California bill proposes to protect both hourly and salaried workers. Work was life, and life was something that happened on the way to and from work.

Persons: —, Matt Haney, Haney, Workers shouldn't, they're, it's, Jason Calacanis, SHRM, Alan Guarino, Korn Ferry Organizations: Assembly, Workers, Washington State, U.S, CNBC Locations: West Coast, California's, Francisco, France, . New York City, Europe, U.S, China, California

☆ This Golf Galaxy employee was so nervous he drank three beers before a crucial playoff. Here’s what happened next
▼ + stars: | 2024-06-26 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —There are a variety of methods golfers can call upon to soothe their anxiety in the face of a dreaded playoff. Three beers and eight nerve-wracking holes later, the 27-year-old stamped his ticket to his first ever PGA Tour event. Nick Bienz works at Golf Galaxy, has never played any pga tour sanctioned event, he is so nervous he’s pounding beers. He had attempted to qualify for events before, including several on the Korn Ferry Tour – the PGA Tour’s developmental circuit – but had never been so close to getting over the line. “I don’t remember hitting the putt,” Bienz added to the PGA Tour.

Persons: Nick Bienz, Hoagland, Bienz, Ryan French –, ” Bienz, “, BeXgsjiWFv, –, ’ Bienz, Tom Kim, Scottie Scheffler, ’ ”, Kevin Kisner –, couldn’t, ‘, ‘ I’m, ’, ”, “ I’m Organizations: CNN, Golf Galaxy, Indiana University, Purdue University Indianapolis, IUPUI, PGA, Detroit Golf Club, French Locations: Hoagland , Indiana, Washington , Michigan, Bienz, South, Ohio

☆ Here are the 5 things we’re most focused on in the stock market this busy week
▼ + stars: | 2024-06-08 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

All three major averages closed higher for the week, shrugging off Friday's hotter than expected jobs report. No portfolio names reported this week, but we will hear from one last stock next week. Last quarterly Club stock report : Broadcom reports on Wednesday after the closing bell. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Nonfarm, Dow Jones, FactSet, We'll, we've, Jerome Powell, Siri, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Dow Jones Industrial, Nasdaq, Dow, Labor Department, Federal Reserve, Technology, Utilities, PPI, Broadcom, VMWare, Apple's, Sports, GameStop, Oracle, Casey's, Buster's Entertainment, Oxford Industries, Signet Jewelers, SIG, Jim Cramer's Charitable, CNBC, Apple, Apple Worldwide Locations: FactSet, Cupertino , California

☆ Grayson Murray: Korn Ferry Tour’s Harry Higgs reflects on how best to remember US golfer, who died on Saturday
▼ + stars: | 2024-05-27 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —US golfer Harry Higgs, who plays on the PGA Tour’s developmental tour, delivered a powerful speech on Sunday after winning the Visit Knoxville Open in which reflected on how best to honor Grayson Murray following his death at the weekend. Murray’s death was announced by the PGA Tour on Saturday, a day after the 30-year-old withdrew from competition, citing illness, at the Charles Schwab Challenge in Fort Worth, Texas. Higgs poses with the trophy after winning the Visit Knoxville Open. 2 in the Korn Ferry Tour Points List, virtually ensuring his automatic qualification for the PGA Tour in 2025. “Say something nice to a loved one and say something nice to somebody you don’t know and try to accomplish that daily.

Persons: Harry Higgs, Grayson Murray, Charles Schwab, “, ”, Higgs, Grayson, Murray, Brennan Asplen, it’s, “ I’m Organizations: CNN, PGA, Visit Knoxville, Knoxville Open’s, Visit, Holston, Country Locations: Fort Worth , Texas, Knoxville , Tennessee, Visit Knoxville

☆ Grayson Murray’s parents confirm the golfer died by suicide
▼ + stars: | 2024-05-26 | by ( Kevin Dotson | Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Professional golfer Grayson Murray died by suicide, his parents confirmed in a statement released through the PGA Tour. It’s a nightmare.”The statement continued, “We would like to thank the PGA Tour and the entire world of golf for the outpouring of support. It provides free and confidential support 24 hours a day, seven days a week for people in suicidal crisis or distress. For crisis support in Spanish, call 1-888-628-9454. For support outside of the US, a worldwide directory of resources and international hotlines is provided by the International Association for Suicide Prevention.

Persons: Grayson Murray, ” Eric, Terry Murray, wasn’t, Grayson, ”, Charles Schwab, Murray, Keegan Bradley Organizations: CNN, PGA, Tour, Sony, Keegan, IMG, Prevention, International Association for Suicide Prevention, Befrienders, Locations: Fort Worth , Texas, Raleigh , North Carolina

☆ Breaking down the impact of FTC's ban on non-compete agreements
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBreaking down the impact of FTC's ban on non-compete agreementsAlan Guarino, Korn vice chairman, joins 'Power Lunch' to discuss the FTC banning non-compete clauses and what it means for American workers.

Persons: Alan Guarino, Korn

☆ Miles Russell: The US 15-year-old golfer who’s making history – and then some
▼ + stars: | 2024-04-22 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

But Miles Russell is no ordinary 15-year-old. In doing so, high school freshman Russell became the youngest player on record (since 1983) to notch a top-25 finish on the PGA Tour or the Korn Ferry Tour. Before turning 18, players are not eligible for non-member Korn Ferry Tour Points toward Special Temporary Membership. As the youngest player at the tournament by far, there was plenty of pressure on Russell throughout. “But good play is always good, and [it’s] definitely confidence-boosting to finish where we’re going to finish today.”

Persons: Miles Russell, Gipper Finau, Russell wasn’t, Russell, Korn, ” Russell, “, Douglas P, ”, ” Russell –, – Organizations: CNN, Lakewood, Jacksonville Beach, PGA Tour, Veritex Bank, Texas Rangers Golf Club, American Junior Locations: Utah, Saturday’s, Arlington

☆ What does Goldman Sachs want in a coder? For them to have studied philosophy
▼ + stars: | 2024-04-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Read previewArtificial intelligence is redefining what it takes to be a software engineer on Wall Street. A typical software developer holds a computer science degree. Goldman Sachs' chief information officer, Marco Argenti, recently encouraged his daughter, a college student, to concentrate her education on philosophy if she wants to pursue a career in engineering. AdvertisementZafar said he's paying more attention to people with "a computer science degree and an English minor," or "a psychology major and a computer science minor." Advertisement"That software engineer might get replaced by a sort of prompt engineer," Vyas said.

Persons: —, Goldman Sachs, Marco Argenti, Argenti, he's, it's, Citi's, Shadman Zafar, Zafar, Jensen Huang, Ken Griffin, Deepali Vyas, Korn, Vyas Organizations: Service, Wall, Business, Harvard, Amazon Web Services, Nvidia, World, Citadel Locations: Dubai

☆ Blackstone hires Walmart AI whiz to supercharge its portfolio companies
▼ + stars: | 2024-04-15 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Private equity is ramping up its AI hiring efforts, with Blackstone snagging a key executive to oversee how AI will be applied at its some 230 portfolio companies. Mehrotra will lead Applied AI within Blackstone's data science team, Matthew Katz, Blackstone's global head of data science, told Business Insider in a written statement. Mehrotra comes to Wall Street from Walmart, where he led applied AI efforts at the retailer and managed a team of more than 400 data scientists. Related storyWhile at Walmart, Mehrotra was the vice president of applied AI, leading a team responsible for how AI was mixed into merchandising, including assortment, pricing, and inventory management. AdvertisementLike its peers, Blackstone is eager to take advantage of AI, which stands to shake up businesses across virtually all industries.

Persons: Blackstone, Prakhar Mehrotra, Mehrotra, Matthew Katz, Blackstone's, Franz Edelman, Katz, Deepali Vyas, Zac Maufe, Manoj Mahenthiran, Thomas H, Lee Organizations: Service, Walmart, Twitter, CalTech, Blackstone, Blackstone . Data Locations: Boston, Blackstone

☆ Private equity firms are 'clamoring' to hire AI executives with some offering pay packages of up to $2 million
▼ + stars: | 2024-04-11 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

PE firms are eager to hire leaders with AI and machine-learning experience. She is now engaged in more than 10 more assignments for similar hires among middle-market and large PE firms. PE firms have more recently started to embrace cloud and AI technology and see it as a business differentiator. Unlike other Wall Street firms that invest billions in their own tech stacks, PE firms are upgrading their portfolio companies' technology. It's not just at the leadership level where PE firms are looking for this kind of talent.

Persons: Deepali Vyas, Vyas, It's, Thomas H Organizations: Service, Business, Blackstone, JPMorgan, Artificial Intelligence Management, Lee Partners Locations: Boston, Swedish

☆ AI fever is triggering a new hunt for tech talent on Wall Street. 5 recruiters outline in-demand tech roles that can pay from $250,000 to $2 million.
▼ + stars: | 2024-04-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street firms are switching into hiring gear. Banks, hedge funds, and private equity firms are back on the hunt for tech talent, several recruiters told Business Insider. Across the Street, finance firms are witnessing the AI transformation being led by tech giants like OpenAI and Nvidia. Hodzic added that, on average, the technology business at Selby Jennings is registering 25% more job orders a week compared to this time last year.

Persons: —, Giancarlo Hirsch, Deepali Vyas, she's, Vyas, Ben Hodzic, Selby Jennings, Hodzic, Glocomms, Hirsch, whittle, Banks, Andy Legg, Dennis Baden, Baden, Korn Ferry's Vyas Organizations: Service, Finance, Business, Blackstone, JPMorgan, Vyas, Nvidia, They're, Wall, Riviera Partners, Google, Banks Locations: Selby

☆ Hot girls love book clubs
▼ + stars: | 2024-04-05 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

All the "It Girl" celebrities have their own book clubs, from model Kaia Gerber to Kendall Jenner. TikTok is flooded with "book recommendations for hot girls," and young women are flocking to apps like Bookclubs to start or join a reading group. But in an age when people are lonelier — and more chronically online — than ever, book clubs have taken on new meaning. Book clubs on the riseBook clubs are nothing new. "We call it book club, but we're not actually doing a traditional book club," Shao said.

Persons: —, Gen, Korn, Kaia Gerber, Kendall Jenner, they'd, Anna Ford, Ford, Isa Tomlinson, Tomlinson, Amylynne Siroin, Reese Witherspoon, Oprah Winfrey, Gen Zers, It's, Micaela Primoff, Primoff, it's, Vivien Shao, we're, Shao Organizations: Service, Fan Locations: TikTok, Austin, Brooklyn , New York, New York

☆ Players Championship: Ben Silverman spent all morning practicing one do-or-die shot. Here’s how it went
▼ + stars: | 2024-03-16 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Needing to make one miracle shot to stay in The Players Championship, it was do-or-die for Ben Silverman. “Let’s go make it happen,” his caddie quipped as he left the range, recorded in a video posted by the PGA Tour on X. pic.twitter.com/sfH6F6iNyl — PGA TOUR (@PGATOUR) March 16, 2024Yet there were no regrets from Silverman, a 14-year professional who has won twice on the Korn Ferry Tour, the PGA Tour’s developmental circuit. “There’s no point in putting so much pressure on it, just do the best I can,” reflected Silverman, who was making his Players Championship debut. The Japanese golfer teed off from the same hole Saturday morning at even-par overall, but saw his make-or-break 34-foot birdie putt come up just short to fall one shot short of the cut line.

Persons: Ben Silverman, Silverman, Ryo Hisatsune, “ Let’s, Silverman –, sfH6F6iNyl, ”, “ Didn’t, ” Silverman, Mike Ehrmann, Hisatsune, teed, Justin Thomas, Jordan Spieth, Thomas, Wyndham Clark, Xander Schauffele, Nick Taylor Organizations: CNN, PGA, TPC Locations: –

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
▼ + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.

Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea

☆ Jake Knapp: Two years ago, he was a nightclub bouncer. Now, he’s a $1.4 million PGA Tour champion
▼ + stars: | 2024-02-26 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Just two years ago, a cash-strapped Jake Knapp was steering inebriated revelers towards the nightclub exit. “For the rest of my life, this will be my first win on the PGA Tour. Orlando Ramirez/Getty ImagesKnapp won despite hitting just two fairways during the final round, the fewest ever made by a PGA Tour event winner since tracking began in 1983. “I was thankful I wasn’t living off that job; it helped fund mini-tour stuff and [PGA Tour] Canada that summer. “‘Winner, winner, chicken dinner,’ that’s his go-to,” Knapp said.

Persons: Jake Knapp, Knapp, Sami Valimaki, “ I’ll, ” Knapp, ” Knapp toasts, Orlando Ramirez, ”, “, Hector Vivas, ’ Knapp, Gordon Bowley, Bowley, –, C’mon, ’, ’ that’s, he’d Organizations: CNN, Mexico, PGA, American, University of California –, UCLA, Country, Costa Mesa United Locations: Vidanta Vallarta, Finnish, University of California – Los Angeles, Costa Mesa, Canada

☆ FTC fines cybersecurity company Avast $16.5 million for tracking and selling user data
▼ + stars: | 2024-02-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

CNN —Cybersecurity software company Avast faces a $16.5 million fine from the Federal Trade Commission after the agency filed a complaint Wednesday accusing the company of selling consumer data to third parties. The FTC says Avast, a firm that promises to protect consumer data from online tracking, has done the opposite, collecting and selling user browsing data without knowledge or consent while simultaneously misleading users. Furthermore, the FTC says Avast told users it would only share information in “anonymous and aggregate form,” though this was not the case. “Because it is intrinsically sensitive, browsing data warrants heightened protection.”The FTC says Avast sold data to a range of over 100 clients, including consulting firms, advertising companies and data brokers. On top of the multi-million dollar fine, Avast is being hit with a ban from the FTC to prohibit the company from selling or licensing data for advertising purposes.

Persons: Avast, Lina Khan, “, ” Khan, “ Avast, ” Samuel Levine, ” Avast Organizations: CNN, Federal Trade Commission, FTC, Soviet Bloc, Gen Digital, Avast, Consumer Protection Locations: Czechoslovakia, Tempe , Arizona, Prague, Czech Republic, United Kingdom, Czech, FTC’s

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