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The Federal Trade Commission is expected to announce on Wednesday that Facebook has agreed to a global settlement of allegations that it has mismanaged the privacy of users and paid about $ 5 billion, announced two people informed about it.
As part of the settlement, Facebook will agree to create a confidentiality board and will accept new management certifications on user privacy, the people said.
The Washington Post reported Tuesday that the FTC would allege that Facebook would have misled users over the handling of their phone numbers and the use of two-factor authentication as part of a large-scale complaint accompanying a settlement ending the government's privacy investigation, citing two people. familiar with the subject.
Two people informed about the case confirmed the post office report that the FTC would not require Facebook to acknowledge its guilt under the settlement. The settlement must be approved by a federal judge.
The FTC confirmed in March 2018 that it had opened an investigation into allegations that Facebook had wrongly shared information belonging to 87 million users with the British policy consultancy firm Cambridge Analytica, which has now disappeared. The investigation focused on whether data sharing violated a 2011 consent agreement between Facebook and the regulator, and then expanded to include other claims of confidentiality.
An informed person in the case said that neither the phone number nor the two-factor authentication issues were part of the initial Cambridge Analytica investigation.
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