SoylentNews is people
SoylentNews
FTC To Hold Facebook CEO Mark Zuckerberg Liable For Any Future Privacy Violations
July 24, 20198:30 AM ET
Facebook CEO Mark Zuckerberg will have to personally answer to federal regulators under an agreement to settle a privacy case with the Federal Trade Commission that includes a $5 billion penalty for the giant social media company, the agency announced Wednesday. Separately, Facebook will pay $100 million to settle a case with the Securities and Exchange Commission for making misleading disclosures about the risk that users' data would be misused, the SEC said.
Under the FTC agreement, Zuckerberg will be required to submit quarterly compliance reports directly to the federal regulators and to Facebook's board of directors. If the Facebook co-founder or "designated compliance officers" violate the agreement, they could be subject to civil and criminal penalties, the FTC said.
"There's no way that the CEO can bury his head in the sand," James Kohm, head of the FTC's enforcement unit, told NPR. "There's no ostrich defense."
According to FTC investigators, Facebook violated the terms of its 2011 settlement with the agency, in which it promised to protect user data from broad sharing with third-party apps. The company also committed new violations, they said.
[. . . .] the company solicited phone numbers, saying they were being collected to verify users' identity if a password needed to be reset. Millions of people trusted the company, and then Facebook took those phone numbers and used them not just for security, but also for advertising purposes, the FTC said.
[. . . .] the company conducted facial recognition tracking on 60 million users without proper consent. Facebook must notify users who were affected and offer to delete the data collected.
(Score: 2) by c0lo on Thursday July 25 2019, @08:54AM (4 children)
You won't see it.
"FB is hiring for a position of designated FTC compliance officer. Salary in low six-figures per annum.
Required skills: ability to send an email with provided content to FTC. Responsible for shieldin the Zuck from jail - if jailed, the former employee's family will receive an one-off indexed with inflation payment of $10M in compensation."
I wouldn't, but I bet there'll be thousands of applicants, enough to last for more than the Zuck's life.
Simple, cheap, effective.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by SpockLogic on Thursday July 25 2019, @12:06PM (3 children)
Only when I see the Zuck in cuffs doing the perp walk will I smile.
Overreacting is one thing, sticking your head up your ass hoping the problem goes away is another - edIII
(Score: 2) by c0lo on Thursday July 25 2019, @12:23PM
Then maybe it's best for you to exercise a dry, bitter, cynical laugh, it may come handy towards the end of your life, 'cause chances are you aren't gonna smile for the rest of it. (grin)
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Touché) by DannyB on Thursday July 25 2019, @04:14PM (1 child)
Torches and Pitchforks are more likely.
Still unlikely.
The lower I set my standards the more accomplishments I have.
(Score: 2) by SpockLogic on Thursday July 25 2019, @04:59PM
I'm cool with that but I'm not holding my breath.
Overreacting is one thing, sticking your head up your ass hoping the problem goes away is another - edIII