FTC Hits Facebook With an Unprecedented Fine for Privacy Violations and a Rigorous Order on Privacy Governance
Facebook was hit with a $5 billion fine, the largest penalty ever imposed on any company for violating consumer privacy, almost 20 times greater than the largest privacy or data security penalty ever imposed worldwide to date and one of the largest penalties ever assessed by the U.S. government for any violation.
The U.S. Federal Trade Commission (FTC) alleged that ...