Facebook has been slaughtered with a $ 5 billion fine, the second largest ever by the Federal Trade Commission. Aside from the fine, Facebook also makes some extensive changes to how it handles user data and privacy.
The FTC launched its Facebook investigation for the Cambridge Analytica scandal. This investigation has now ended with Facebook deciding the case by paying $ 5 billion to the FTC.
As part of the investigation, FTC Facebook found guilty of breaking a number of laws. This includes the inability to protect user data from third parties, use the security number of users to display ads and more. Apart from the fine, more restrictions have also been imposed on Facebook. Now, a security and privacy audit must be made for each new product or service it launches.
"Despite repeated promises to its billions of users around the world that they could control how their personal information is shared, Facebook undermined consumers' choices," said FTC chairman Joe Simons. Billions of dollars and the relief of sweeping behavior are outstanding in the FTC's history, the relief being designed not only to punish future violations, but more importantly, to change Facebook's privacy culture to reduce the likelihood of continued breaches. Fully enforce the FTC order by law. ”
Third-party apps must give Facebook a reason and purpose as to why they want access to user data, which is a significant limitation and one that will immediately affect all third-party applications on the FB platform. However, the rule does not place any kind of limitation on the data that can and cannot be shared when a third party app has given it necessary justification.
Facebook was also found to use illegal pictures of users to create one despite the fact that something is suggested. While the FTC has not asked the company to delete its previous data, it will have to obtain the necessary consent for new face recognition models.
In turn, Facebook has already announced how it cleans up data access for its partners.
The new limitations of the FTC put a greater degree of responsibility on the FB's board. However, it is not responsible for the Cambridge Analytica scandal. While Facebook is paying a $ 5 billion fine for the scandal, the company's CEO Mark Zuckerberg has not been held responsible for what I believe is not fair. Apart from the fine, the FTC should also have taken some action against Facebook's CEO.
What do you think of the FTC's $ 5 billion fine and Facebook restrictions? Do you think it's fair? Or the FTC could have done more?