Facebook to Pay $5 Billion Fine to Settle FTC Privacy Investigation

From thehackernews.com

facebook data privacy ftc investigation

After months of negotiations, the United States Federal Trade Commission (FTC) has approved a record $5 billion settlement with Facebook over its privacy investigation into the Cambridge Analytica scandal.

The settlement will put an end to a wide-ranging probe that began more than a year ago and centers around the violation of a 2011 agreement Facebook made with the FTC that required Facebook to gain explicit consent from users to share their personal data.

Read more…