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[cnet] Facebook could face record fine from US regulators, report says

LexRank Summarization

  • Facebook could be slapped with a record-setting fine for allegedly violating a legal agreement it had with the US government to keep its users' data private, according to a Friday report by The Washington Post.

  • Officials from the Federal Trade Commission, a privacy and security watchdog, have discussed imposing a record fine against Facebook, but the decision hasn't been finalized, according to the Post, which cited three people familiar with the matter.

  • The FTC's investigation is still ongoing, but the penalty against Facebook is expected to be larger than the record-setting $22.5 million the FTC imposed on Google in 2012, according to the Post.

TextRank Summarization

  • Facebook could be slapped with a record-setting fine for allegedly violating a legal agreement it had with the US government to keep its users' data private, according to a Friday report by The Washington Post.

  • Officials from the Federal Trade Commission, a privacy and security watchdog, have discussed imposing a record fine against Facebook, but the decision hasn't been finalized, according to the Post, which cited three people familiar with the matter.

  • The FTC started investigating Facebook last year after revelations surfaced that Cambridge Analytica, a UK political consultancy, accessed data from up to 87 million Facebook users without their permission.

Ref: https://www.cnet.com/news/facebook-could-face-record-fine-from-us-regulators-report-says/#ftag=CAD590a51e