Facebook warned investors on potential FTC fine of $3 to $5 billion from upcoming Facebook settlement in Cambridge Analytica scandal, the company could be forced to create new privacy oversight review board reporting to FTC.
U.S. push for COPPA update and UK publication of 16-point draft code of practice for children’s privacy show a move towards stronger data protection laws against tracking and monitoring of children.
Facebook terms of service, once obfuscated by complicated, legalistic language, is going to state clearly how they provide services free of charge to consumers in return for agreement to share their personal data with third parties and used for targeted advertising.
In 2018, 351,936 complaints were filed with the FBI, averaging around 900 a day, and these successful internet crime schemes resulted in about $2.7 billion in personal and business losses.
With growing concerns about privacy practices at big Internet providers, FTC has issued orders to AT&T, AT&T Mobility, Comcast Cable, Google Fiber, T-Mobile USA, Verizon and Verizon Wireless to share how they collect, retain, use and disclose information about consumers and their devices.
This year’s Online Trust Audit shows dramatic increases in overall website security across all sectors, with a jump from 52% to 70% of websites making to Honor Roll. However, privacy scores were lower overall this year.
Over the past year while FTC is conducting its Facebook investigation, Mark Zuckerberg has repeatedly claimed full responsibility for privacy issues, and now it appears FTC might really hold Mark personally accountable for these lapses.