FB to pay $5bn fine over privacy violations

16 Juillet, 2019, 12:56 | Auteur: Auguste Feret
  • FB to pay $5bn fine over privacy violations

The Federal Trade Commission, the United States government agency that promotes consumer protection, voted to approve a US$5bn fine against Facebook, following allegations that the tech giant shared the data of over 50m users.

Facebook is set to face getting a big fine as a result of the Cambridge Analytica fallout of previous year, the media are reporting. Battling several privacy violations, Facebook in April said it has kept aside $3-$5 billion, anticipating a record fine coming from the US FTC. This is the highest it's been since late July previous year when it reached $US217.50.

Facebook will now have to document its decisions on data before offering new products and keep a closer eye on how third-party apps tap users' information, and its top executives will have to attest that the company has protected privacy, the Washington Post reports.

"If the financial losses don't paint a clear enough picture for the tech industry as a whole, perhaps new regulations for one of its key players will finally convince these companies to begin protecting users instead of exploiting them".

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Meanwhile, Sen. Richard Blumenthal, D-Conn., blasted Facebook's entire business model and called for congressional hearings into the FTC's actions in a series of tweets.

If the Department of Justice agrees with it, the FTC will impose its largest fine ever on Facebook - no less than US$5 billion. Although critics have said it was in violation of that decree, the Menlo Park, Calif. company denied those allegations.

"[FIve] billion is chump change for surveillancebook, and without meaingful oversight and structural restrictions, we're just going to be back here again over something else", said Lindsey Barrett, a staff attorney at Georgetown University's Communications and Technology Law Clinic, via Twitter.

The U.S. Federal Trade Commission, which has been investigating Facebook in the wake of its massive Cambridge Analytica scandal, has voted to approve levying a massive $US5 ($7) billion fine against the social media giant, according to reporting in both the Wall Street Journal and the Washington Post. Mumbrella has approached Facebook for comment.



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