Facebook agrees to pay record $5 billion settlement in the Investigation Policy

Facebook has agreed to pay a record $5000000000 to resolve US-year investigation invasions of privacy that protect user data load increases the board, while little change in the business of profitable advertising companies a settlement. for the first time the agreement announced on Wednesday by the Federal Trade Commission, will create Mark Zuckerberg final authority over the privacy decisions, a committee of the directors on the board of the company CEO ends independent data protection, following a statement by the FTC. The agreement will also Facebook requires closer on a leash on applications to maintain regular third-party sweeps port for unencrypted passwords and gave up getting the phone numbers for security reasons for advertising. It also calls for the company to conduct PIAs of new offerings and present new data protection certifications and assessments. The agreement, which the FTC Republican majority was approved by a 3-2 vote, shortly Facebook contributes to structural data collection practices that are changing in the center of the business model. While the fine is steep, it is not disastrous by far for Facebook, the $56 billion reported sales of nearly 2018. He had set aside $3 billion of the fine prediction. “The size of the $5000000000 punishment and conduct sweeping relief is unprecedented in the history of the FTC,” President Joseph Simons said in a statement. “The survey was designed to future violations not only to punish, but, more importantly, to change the whole culture of the Facebook data protection, to reduce the likelihood of a persistent breach.” While the fine, the largest ever by the FTC for a violation of privacy sets, does not meet the agency’s two Democratic commissioners, Rebecca Kelly Slaughter and Rohit Chopra, who voted against it. “As a company may violate the law, pay large fines, and still make a profit, while keeping intact the business model, the police authorities can not claim victory,” Chopra said in a statement. He said the settlement does little to authorize the board to represent the user, rather than shareholders to privacy, while the company executives and releases from responsibility for a wide range of possible misconduct. Slaughter said that Facebook given the repeated violations, the FTC would be more likely to change the company’s activity on their part and their CEO sued. The deal is also unlikely to placate critics in Congress and among privacy advocates, the responsibility has asked Zuckerberg, fines, which represent a larger share of the revenues of the company and the performance of the Facebook acquisition of Instagram and WhatsApp. The FTC probe comes from the March 2018 revelation that Cambridge Analytica, a consulting firm hired by Donald Trump 2016 presidential campaign data, improperly obtained on more than ten million Facebook users by a researcher, the personal data by a third party Quiz app crop. The application not only collected the data of users, but also to influence information about their friends, millions of consumers. Cambridge Analytica scandal hit on Facebook treated reputation at a time when the company that Russian agents already under fire was used to try to influence the 2016 elections its platform. The tarnished reputation of the company has met with him earlier this month, when lawmakers against Facebook scolded plan to introduce a digital currency. Sherrod Brown of Ohio, the top Democrat on the Senate Banking Committee, called the company “dangerous.” The FTC also announced separate settlements with the company now defunct policy advice, its former managing director Alessandro nothing and application developers who have worked with the company, Aleksandr Kogan. The agency’s investigation went far beyond questions of Cambridge Analytica. The FTC alleged abuses by 2012, the same year again that Facebook earlier agreement to complete misdeeds privacy. Four months after that agreement, the FTC said Facebook removed a revelation of information that users may be shared with friends sucked used for friends through applications – while continuing the practice. Facebook announced in 2014 that gather outside users of the data application developers would let friends stop by the FTC. might, however, the company said developers are practical for a year to continue if their applications were already on the platform – and managed to stop until mid-2018 or share later. Society often limited the application of its policy on third-party developers if they made the money Facebook, claiming the FTC. Under the agreement, Facebook will be released applications to communicate data to the FTC compromise when more than 500 users are concerned that fail compliance with corporate policies and more Ad certifies its use of facial recognition. Facebook had to think of the users who decide to try face recognition function may, even if the defect has been activated, the FTC said. Compliance with the order will be handled by an independent committee to Facebook’s board, which does not Zuckerberg appointment. Zuckerberg and a compliance officer appointed by the independent Committee approved shall certify compliance with both the Privacy Program and the largest order. False certification “are subject to individual civil and criminal penalties,” said the FTC. Facebook has spent months negotiating the settlement with the FTC and possible future incidents would probably similar consideration and delay request. This makes for a weaker strain of Facebook Regulation on data protection in Europe, which is what small businesses injuries punished 10 million euro, representing 2% of the author’s total annual turnover of the violation, whichever it’s taller. While the new agreement a great burden away based on the weight of Menlo Park, California-based company is the debate again with investigations by other agencies in the United States and the European Union. EU officials will pursue several studies about politics, while the city of Washington, DC, the company is sued in Cambridge Analytica, and the New York State Attorney General, Letitia James, has announced that its research office in collection company of some contacts and email users. In addition, he sank a federal judge in California in May lawsuits on behalf of millions of users who fired led the company’s debt that their private information is shared in Cambridge Analytica scandal. The FTC will continue to provide Facebook’s control. As part of a broader agreement with the Department of Justice that divides the supervision of four of the largest technology companies, the agency responsible for a possible antitrust investigation into the company. One goal is likely to be the acquisition of Instagram and WhatsApp. And the Ministry of Justice has revealed plans Tuesday monopolies peer technology platforms following mounting criticism over Washington that companies have become too big and powerful. The department did not specify that the IT companies, but stronger than Facebook, Google Inc. and Amazon.com Inc. alphabet appear in the viewfinder has been proposed. -With the help of Sarah Frier.
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