Facebook data privacy News

Facebook Facing $5 Billion FTC Fine Over Cambridge Analytica Data Sharing

The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company’s handling of user data, a source familiar with the situation said on Friday. The FTC has …

EU’s Landmark Data Privacy Law, GDPR, Already Providing Global Standard

A landmark European privacy law is making waves worldwide a year after it came into force, fundamentally changing the way data are handled as Facebook, Apple and Google face increasingly frequent complaints. Adopted on May 25 last year, the General …

Facebook Broke Data Privacy Rules, so Self-Regulation Must End: UK Lawmakers

Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens’ rights, British lawmakers said on Monday. In a damning report that singled out …

FTC Privacy Settlement Over Cambridge Analytica Could Cost Facebook Billions

Facebook Inc. is in talks with U.S. regulators over alleged privacy violations that could force the social-media giant to pay billions of dollars in a record-breaking settlement, according to two people familiar with the matter. The U.S. Federal Trade Commission’s …

Emails Released in U.K. Probe Show How Facebook Wielded Users’ Data

Facebook Inc. wielded user data like a bargaining chip, providing access when that sharing might encourage people to spend more time on the social network — and imposing strict limits on partners in cases where it saw a potential competitive …

IBM Joins Critics Calling for Regulation of Tech Firms’ Personal Data Use

International Business Machines Corp. Chief Executive Officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook Inc., over their collection of user data and urged governments to target regulation at those companies. Without …

German Heirs Can Access Deceased Relatives’ Facebook Accounts: Court

Heirs in Germany have the right to access the Facebook accounts of their deceased relatives, a court said in a landmark privacy ruling on Thursday, saying a social media account can be inherited in the same way as letters. The …

UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big …

Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations

Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the U.K.’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that helped get President Donald Trump …

Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches

Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing of users’ data with political consultancy Cambridge Analytica. The world’s largest social network said in April that data of up …