Jul 24, 2019
Facebook to pay $5bn to settle privacy concerns
Facebook is to pay a $5bn fine to settle privacy concerns, the US Federal Trade Commission has announced. The social network must also establish an independent privacy committee that Facebook's chief executive Mark Zuckerberg will not have control over. The $5bn fine is believed to be the biggest ever imposed on any company for violating consumers' privacy. Privacy practices would now be headed by a new chief privacy officer for products. He added that Facebook was reviewing technical systems to document possible privacy risks, and going forward, whenever the social network built a new product or that used data, or a feature changed how it used data, possible privacy risks would need to be documented and mitigated.
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