Facebook to pay $5bn to settle privacy breach allegations

Ads

Social networking firm, Facebook, on Wednesday, agreed to pay a record $5 billion to settle an ongoing investigation into allegations of privacy violations.

The settlement with the United States Federal Trade Commission (FTC) also said the company will increase its board members for additional oversight of its privacy policy, according to several U.S. media reports.

Facebook has long denied allegations of compromising user data to advertisers, amongst other claims. But the latest settlement will also see CEO Mark Zuckerberg relieved of final authority over privacy decisions.

An independent privacy committee of the company’s board will now take final decisions on issues bordering on users’ privacy. Billions of people use Facebook and its subsidiaries, which include Instagram and WhatsApp

Leave a Comment

Get Copy

Ads

Popular post

Ads The Chartered Insurance Institute of Nigeria (CIIN) has honoured Chima Nwachukwu, author of When Life Happens—Nigeria’s first insurance-based literary fiction with an award of recognition for his outstanding contribution …

0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
[bsa_pro_ad_space id="2"]

Facebook to pay $5bn to settle privacy breach allegations

Ads

Social networking firm, Facebook, on Wednesday, agreed to pay a record $5 billion to settle an ongoing investigation into allegations of privacy violations.

The settlement with the United States Federal Trade Commission (FTC) also said the company will increase its board members for additional oversight of its privacy policy, according to several U.S. media reports.

Facebook has long denied allegations of compromising user data to advertisers, amongst other claims. But the latest settlement will also see CEO Mark Zuckerberg relieved of final authority over privacy decisions.

An independent privacy committee of the company’s board will now take final decisions on issues bordering on users’ privacy. Billions of people use Facebook and its subsidiaries, which include Instagram and WhatsApp

Ads

Leave a Comment

[bsa_pro_ad_space id="2"]