FTC Investigates Facebook Identity Leaks

Facebook: FTC preparing possible antitrust lawsuit against company after year long investigation

An investigation was initiated following reports of misuse of user data by Cambridge Analytica

The US Federal Trade Commission said Monday that it is investigating Facebook privacy measures following reports that the personal data of tens of millions of its users has been misused by British consultancy Cambridge Analytica..

The agency’s announcement prompted a further 2 percent drop in Facebook shares after a 14 percent downturn cut the company’s market value by $ 90 billion last week..

The FTC is generally silent on investigations, but this time it has confirmed numerous Facebook investigation reports that surfaced last week..

And about. FTC Consumer Protection Chief Tom Pal said: “The FTC is committed and fully committed to using all the tools at its disposal to protect consumer privacy. Foremost among these are enforcement actions against companies that fail to fulfill their privacy promises or engage in fraudulent behavior that causes significant harm to consumers in violation of US consumer protection regulations. ” He clarified that this also applies to violations of the US-European agreement on privacy..

The question of the possibility of misuse of personal data of Facebook users caused a resonance on both sides of the Atlantic Ocean after it became known that Cambridge Analytica obtained access to information about users of the social network from British researcher Alexander Kogan, who was allowed by the Facebook administration to collect data as part of a scientific study..

Kogan developed an application to which 270,000 Facebook users provided information about themselves. Taking into account the friends and colleagues of these users with whom they shared links, the personal data of up to 50 million Facebook users could be compromised..

UK launches investigation into Cambridge Analytica, seizing data from the company’s London headquarters.

German Justice Minister Katharina Barli met with Facebook representatives on Monday, after which she called for tougher requirements and penalties for companies like Facebook..

“Facebook has committed violations and abuses in the past and has assured us that steps have been taken since then to prevent this from happening again,” she said. “However, promises are not enough. In the future, we need to tighter regulation of companies like Facebook. “.

The company said on Monday that it remains “firmly committed” to protecting users’ personal information and is ready to answer questions from the FTC. chief mark

FTC Investigates Facebook Identity Leaks

Facebook CEO Mark Zuckerberg on Sunday apologized to social network users for a massive “breach of trust” on the pages of nine British and American publications.

Zuckerberg did not mention Cambridge Analytica, which received $ 6 million from President Donald Trump for analyzing voter sentiment during the 2016 campaign..

In an apology ad, Zuckerberg stated, “It was a breach of trust, and I regret that we didn’t put in more effort at that point,” when Kogan passed the data to Cambridge Analytica. “We are currently taking measures to prevent the recurrence of such situations.”.

“We have a responsibility to protect your information,” Zuckerberg said. “If we cannot do this, then we do not deserve to receive it.”.

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