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FTC approves massive $ 5 billion settlement with Facebook over Cambridge Analytical Scandal



Late yesterday afternoon it was reported that the Federal Trade Commission approved a $ 5 billion deal with Facebook over its 2018 Cambridge Analytica scandal. The fine represents the largest that the FTC has imposed on a technical company.

Republican Congress David Cicilline called the settlement no more than "a blow to the wrist. This fine is a fraction of Facebook's annual revenue. It will not make them think twice about their responsibility to protect user data." [1

9659003] The CNBC report later stated that "The FTC began investigating Facebook in March 2018 after reports that political consulting firm Cambridge Analytica had access to the data of 87 million Facebook users. The agency was concerned that Facebook had violated the terms of a 2011 deal, something which meant that Facebook would give users very clear alerts when the data was shared with third parties. "

Is there any compensation set aside for Facebook users

 10.3 - Patently Extra News" border = "0" class = "asset asset-image at-xid-6a0120a5580826970c0240a4bc3c0b200b" It is not even considered in such settlements. image-full img-responsive "src =" https://www.patentlyapple.com/.a/6a0120a558082697 0c0240a4bc3c0b200b-800wi "title =" 10.3 - Patently Extra News "/> <span style= About making comments on our site: Apple reserves the right to post, reject or edit any comments. Those who use abusive language or negative behavior will result in being blacklisted on Disqus.


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