Business Standard

Former FTC officials see possible breach of 2011 settlement by Facebook

Former FTC officials see possible breach of 2011 settlement as agency has power to 'turn the screws up' against Facebook

facebook, social media
Premium

A 3D-printed Facebook logo is seen in front of a displayed stock graph in this illustration

Todd Shields and Vonnie Quinn | Bloomberg
Former Federal Trade Commission officials say that Facebook Inc. appears to have breached a 2011 consent agreement to safeguard users’ personal information and may be facing hundreds of millions of dollars in fines.

The agency could fine Facebook up to $40,000 per violation per day -- which could add up quickly with millions of users involved -- if it finds the social media giant broke its earlier promises to protect user data, they say.

“If I had to bet, they will find violations,” said Jessica Rich, a former head of the FTC’s consumer protection bureau.

“The penalty could potentially be

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 29 2018 | 9:18 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com