US FTC approves USD 5 bln fine for Facebook data violation – report

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(Telecompaper) The US Federal Trade Commission has approved a fine of USD 5 billion on Facebook for violating the personal data privacy agreement it reached with the US government in 2011/2012, Reuters reported. The fine follows the Cambridge Analytica incident of 2018, when Facebook shared data belonging to 87 million of its users. The settlement would be the largest civil penalty ever paid to the agency, but a number of lawmakers said the penalty was not high enough. 
Source: Industry News (syndicated from Telecompaper.com)

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