Irish regulator slap Instagram with €405m fine for privacy failures
Ireland’s Data Protection Commission has fined social media giant Instagram €405m for failures around handling personal information.
Facebook Facing Record Fine Over Privacy Violations
The company is facing a fine close to $5 billion.
FTC Fines Facebook $5 Billion, Orders Changes On Privacy Protections
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion. CBS2’s Chris Wragge reports.
US fines Facebook $5billion for privacy violations
(24 Jul 2019) US FINES FACEBOOK $5BILLION FOR PRIVACY VIOLATIONS
US federal regulators are fining Facebook five billion US dollars for privacy violations and instituting new oversight and restrictions on its business.
The fine is the largest the Federal Trade Commission has levied on a tech company, although it won’t much dent a company that had nearly 56 billion US dollars in revenue last year.
As part of the agency’s settlement with Facebook, CEO Mark Zuckerberg will have to personally certify his company’s compliance with its privacy programs.
The FTC said that false certifications could expose him to civil or criminal penalties.
Some experts thought the FTC might fine Zuckerberg directly or limit his authority over the company.
The commission opened their investigation after revelations that data mining firm Cambridge Analytica had gathered details on as many as 87 million Facebook users without their permission.
Facebook does not admit any wrongdoing as part of the settlement.
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FTC fines Facebook $5B, adds privacy restrictions
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. (July 24)
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