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Facebook Inc has been slammed with a hefty $5billion fine by the U.S. Federal Trade Commission following its investigation into the social media company’s handling of user data, multiple sources familiar with the situation said.
Facebook CEO Mark Zuckerberg did not knowingly violate an agreement with the regulator supervising the company’s management of users’ personal data, the social media giant said Wednesday as it addressed an issue that has been under federal investigation for the past year.
The social media giant Facebook is headed toward an agreement with the U.S. government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions.
Facebook more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg's security in 2018 to $22.6 million, a regulatory filing showed on Friday.
Facebook said on Wednesday that it removed public databases containing its user data on Amazon’s cloud servers after cybersecurity firm UpGuard discovered millions of exposed records.
Facebook stored passwords for hundreds of millions of users in plain text, exposing them for years to anyone who had internal access to the files, according to Krebs on Security. User passwords are typically protected with encryption (a process known as hashing), but a string of errors led certain Facebook-branded apps to leave passwords accessible to as many as 20,000 company employees.
WhatsApp co-founder Brian Acton appeared as a speaker at a class at Stanford University earlier this week, where he spoke about the decision to sell the company to Facebook, and urged students to delete their Facebook accounts.
Facebook on Wednesday grappled with what was described as its biggest outage in history as users in parts of Australia, Asia, Europe, South America and North America faced service troubles.
Facebook Inc and the United States Federal Trade Commission are negotiating a hefty settlement over the company’s privacy lapses that could require the online social network to pay a multibillion-dollar fine.
Facebook on Monday said it will beef up its rules and safeguards around political adverts to prevent foreign interference in elections, including those in Europe this year.
More than 95,000 complaints have been filed with EU countries since the bloc’s flagship data protection laws took effect eight months ago, the executive European Commission said Friday.
Eight months after revealing the links between Facebook and Cambridge Analytica (CA), whistleblower Christopher Wylie is pushing for the internet giant to be regulated — whether it wants to or not.
The documents reportedly contain “significant revelations” about the decisions that set the stage for the Cambridge Analytica scandal.
Embattled Facebook CEO Mark Zuckerberg said Tuesday he has no plans to resign, sounding defiant after a rough year for the social platform.
The inventor of the World Wide Web on Monday called for a “contract” to make internet safe and accessible for everyone as Europe’s largest tech event began in Lisbon amid a backlash over its role in spreading “fake news”.
The UK’s data watchdog has levied the maximum possible fine against Facebook for its failure to protect user’s personal information in the Cambridge Analytica scandal.
Petitioners’ Witness 60, Joseph Gbenga, called by Peoples Democratic Party and its presidential candidate, Alhaji Atiku Abubakar, as an expert witness admitted before the Presidential Election Petitioner Tribunal, on Friday, that he had not been certified.
The Presidency has enjoined El-Zakzaky-led Shiite members to desist from needless violent street protests and await the decision of the court in Kaduna where their leader is currently being tried.
Gov. Aminu Masari of Katsina State says, for dialogue and amnesty programme for cattle rustlers and bandits in the Northwest to succeed, it must involve all state governments in the zone.
A 47-year-old tailor, Popoola Abolade, was on Friday brought before a Yaba Magistrates’ Court in Lagos, for allegedly defrauding a company of N1.48 million.
The All Progressives Congress (APC) stakeholders Kogi State chapter, have taken legal action against the party’s National Working Committee (NWC) over the indirect mode of primaries adopted by the national leadership for the election of candidates for the November 16 Kogi State governorship poll.
The Blues will resume their pre-season training in Japan where they will take on J-League Champions Kawasaki Frontale (Friday) and then against Barcelona (next Tuesday).
Flash flooding and landslides caused by heavy rain have claimed at least 24 in Pakistan administered Kashmir on Monday, officials said.
An Ile-Ife Magistrates’ Court in Osun on Monday ordered that a 26-year-old man, Abibu Babatunde, who allegedly raped his 14-year-old niece be remanded in prison.
It seems Juventus are just days away from clinching what would be one of the signings of the summer in Matthijs de Ligt.
Former Minister of Aviation, Femi Fani-Kayode, has cautioned Miyetti Allah Kautal Hore over its call for the arrest of former President Olusegun Obasanjo.