topic Re: Facebook Fined $5 Billion + $100 million in Off-Topic

Facebook Fined $5 Billion + $100 million

TheGreyApe — Thu, 25 Jul 2019 09:08:19 GMT

Facebook has agreed to pay a $5 billion fine to the US Federal Trade Commission (FTC) for user data privacy violations.

Facebook is currently reviewing its systems, looking for issues related to privacy leaks, and will "work swiftly to address them "once they're found" and will be "more diligent" in how it monitors for abuse, and will require developers to be accountable for the way they use data and comply with its policies.

The company claims its two driving concepts from now on will be "transparency and accountability", with quarterly certifications verifying that its privacy controls are working. This process "stops at the desk" of Mark Zuckerberg, who will personally "sign his name to verify" that Facebook did what it said it would.

There's also going to be a new committee of Facebook's board of directors meeting quarterly to ensure it's living up to its privacy-related commitments. This committee will be informed by an independent privacy assessor, whose job it is to review the privacy program and report to the board when they see opportunities for improvement.

Additionally, Facebook agreed to pay a $100 million penalty to the US Securities and Exchange Commission, for failing to say enough about the Cambridge Analytica data abuse in its investor disclosures, once it discovered, in late 2015, that a developer had transferred user data to Cambridge Analytica in violation of its policies.

Has Facebook finally learnt their lesson, what do you think?

Re: Facebook Fined $5 Billion + $100 million

JAZZ-trad — Thu, 25 Jul 2019 09:26:48 GMT

Not before time.

Re: Facebook Fined $5 Billion + $100 million

Glory1 — Thu, 25 Jul 2019 09:48:04 GMT

I'm a sceptic @TheGreyApe, so I will wait and see what happens.

I hope Facebook have learned their lesson finally and will be considerably more careful with our private information and data. But, as I say I'm a sceptic, so I will just wait and see

Re: Facebook Fined $5 Billion + $100 million

TheGreyApe — Thu, 25 Jul 2019 10:08:39 GMT

@Glory1 Im just more curious about how safe their other platforms are e.g. Instagram and WhatsApp

Personally If they hadn't changed anything last time I highly doubt this time would be any different unless new laws were brought in to not just fine business' but to enforce some lawful action.

Re: Facebook Fined $5 Billion + $100 million

Glory1 — Thu, 25 Jul 2019 10:16:30 GMT

@TheGreyApe wrote:
@Glory1 Im just more curious about how safe their other platforms are e.g. Instagram and WhatsApp

Personally If they hadn't changed anything last time I highly doubt this time would be any different unless new laws were brought in to not just fine business' but to enforce some lawful action.

I don't use Instagram but I do use WhatsApp, a lot. I agree that not much will change until there are laws to protect our data that are actually enforceable, and are enforced. FB can't really police themselves. That's why I'm sceptical about FB having learned their lesson. They talk a good game but will anything really change, I'm very doubtful to be honest.

Re: Facebook Fined $5 Billion + $100 million

Cleoriff — Thu, 25 Jul 2019 10:29:03 GMT

I'm also quite sceptical about all of this. FB has their own laws and seem unstoppable. I hope they are forced to conform. I doubt it

Re: Facebook Fined $5 Billion + $100 million

jonsie — Thu, 25 Jul 2019 15:06:57 GMT

I very much doubt that any money will actually change hands.