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Facebook Faces ‘Record-Setting’ Fine Over Privacy Violations: Report

Facebook also admitted a security breach in September last year that impacted nearly 50 million users

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A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Facebook is facing a “record-setting” fine from the US Federal Trade Commission (FTC) over its handling of user data and privacy violations.

According to a report in The New York Times citing sources late Friday, the FTC “is in the advanced stages of its investigation into whether Facebook violated privacy rules and is expected to seek large fines from the company”.

The highest financial penalty ever imposed by FTC was $22.5 million on Google in 2012 for privacy violations, and the Facebook fine is “expected to be in the excess of that”, according to The Washington Post.

In April 2018, Facebook CEO Mark Zuckerberg was called to testify before Congress after British political consulting firm Cambridge Analytica gained access to data of nearly 87 million users without permission.

In December, Facebook refuted a New York Times report that claimed it allowed large technology companies and popular apps like Netflix or Spotify access to its users’ personal information.

Facebook, data, vietnam
This photo shows a Facebook app icon on a smartphone in New York. VOA

Facebook said it did not give large tech companies access to people’s data without their permission as its integration partners “had to get authorisation from people”.

Another New York Times report in late December claimed that thousands of Facebook content moderators rely on inaccurate and disorganised information to determine what content to allow or remove from its platform, accusing the platform of being “ad hoc”, “disorganized”, “secretive”, and doing things “on the cheap”.

Also Read- India Gets Assistance of Rs 3,420 Crore From Japan

Facebook also admitted a security breach in September last year that impacted nearly 50 million users.

The FTC and Facebook are yet to comment on the report. (IANS)

Next Story

Social Media Giant Facebook Hiring Experts For its Blockchain Division

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square

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Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Social-networking giant Facebook is seeking executives to work in its secretive Blockchain division and to work on the company’s own blockchain applications and cryptocurrency.

Facebook has listed 22 vacancies on its Careers page for the division including openings for lead commercial counsel, product manager, finance analyst, data engineer and threat investigator among others.

The listings suggests that Facebook is particularly focused on recruiting experts in marketing, interface design, product management, software engineering, and legal fields concerning Blockchain.

Facebook, data, photos, vietnam
A smartphone user displays a Facebook newsfeed .VOA

The company already has a team of 50 people working discreetly in a secretive corner of its Menlo Park head office, The Next Web reported on Monday.

“If Facebook’s blockchain hiring spree continues, its team could be in the hundreds before the end of the year” the report said.

Also Read- Tech Giant Google Letting Android Users Create Events on Maps

Lately, several companies have been looking to add new streams of revenue to their business models and Blockchain has emerged as a popular choice to boost businesses.

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square. (IANS)