Facebook and Federal Trade Commission is negotiating a record, multibillion-dollar fine for the company’s privacy lapses | Trending information Trending Information Trending Information

Friday, February 15, 2019

Facebook and Federal Trade Commission is negotiating a record, multibillion-dollar fine for the company’s privacy lapses | Trending information


The U.S. government and Facebook are negotiating a record

US FTC and Facebook negotiating the final fine amount. Fine could be in a multi-billion dollar amount, the highest ever. Google paid a $22.5 million fine in 2012. Facebook and Federal Trade Commission is negotiating a record, multibillion-dollar fine for the company’s privacy lapses | Trending information. Federal Trade Commission federal trade commission act federal trade commission india federal trade commission act pdf federal trade commission meaning federal trade commission act section 5 federal trade commission act of 1914 federal trade commission staff directory. FTC

Highlights:
  1. US FTC and Facebook negotiating the final fine amount.
  2. Fine could be in a multi-billion dollar amount, the highest ever.
  3. Google paid a $22.5 million fine in 2012.

Officials Reports and Facebook at the Federal Trade Commission (FTC) are in discussions right now negotiating a multimillion-dollar fine to settle as well as the agency’s investigation into the company’s past privacy practices.
According to The Washington Post,

It would be the largest fine federal Trade Commission (FTC) has ever levied on a tech company. 
But according to the Post, 
The fine’s specific amount has yet to be determined.
The largest fine ever Take by the Federal Trade Commission (FTC)was a $22.5 million penalty on Google back in 2012.
Facebook could be facing fines to the tune of billions of dollars due to the Federal Trade Commission’s investigation into the social media giant’s mishandling of user data.
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Facebook and the Federal Trade Commission (FTC) are currently in discussion over the actual and final amount of the fine. 

If the two parties cannot come to an agreement, then the Federal Trade Commission will be taking Facebook to court.
The fine being levied is due to Facebook’s past mishandling of user information and numerous practices of sharing user data with third-parties. 
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In that case: of Cambridge Analytica, 
Around 87 million users had their private info. accessed by the political consulting firm after it was collected by an app maker and then packaged and sold.
The Federal Trade Commission (FTC) Has opened first it is investigating problem into Facebook last March after the Cambridge Analytical breach and other subsequent breaches.
like a hacker was able to access data from 29 million accounts in the running months.
If both of the Facebook and the Federal Trade Commission don't come to some kind of agreement over the fine.
The agency is could to choose to bring Facebook to court over its past negligence concerning user privacy.
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