FTC Hits Facebook With a $5 Billion Penalty

Published by Matt Fishman on

The Federal Trade Commission (FTC) hit Facebook with a $5 Billion penalty in a settlement reached today over Facebook’s user privacy breach. “The $5 billion penalty against Facebook is the largest ever imposed on any company for violating consumers’ privacy.” In addition to the historic monetary fine, the settlement imposes new oversight on Facebook’s use of “Facial Recognition” technology without “User’s affirmative express consent.” The settlement also orders the implementation by Facebook of a new “comprehensive privacy program” including the naming of a new “Chief Privacy Officer for Product” who will replace CEO and Founder Mark Zuckerberg’s role in that capacity. All new privacy policies as determined by this settlement also “covers WhatsApp and Instagram.”

  1. https://www.ftc.gov/system/files/documents/cases/182_3109_facebook_order_filed_7-24-19.pdf
  2. https://www.ftc.gov/news-events/press-releases/2019/07/ftc-imposes-5-billion-penalty-sweeping-new-privacy-restrictions?utm_source=slider

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