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It's official: $ 5,000 million fine for Facebook

The US Federal Trade Commission (FTC) has officially punished Facebook with a $ 5,000 million fine for the Cambridge Analytics scandal and other data losses.

In the end, the FTC ruled on the Cambridge Analytics scandal and the consequent loss of user data by Facebook. The agreement obliges the social network to pay a fine of 5,000 million dollars and follow the following rules:

  • Make changes to privacy to avoid similar incidents in the future;
  • Prohibit access to the platform to developers who do not comply with the new privacy policy:
  • Create a new committee focused on privacy risks.

In a statement published on his social network, CEO Mark Zuckerberg stated that the company will examine its systems and create new controls to promote greater privacy.

We have a responsibility to protect people's privacy. We are already working hard to fulfill this responsibility, but now we will establish a completely new standard for our industry. – Mark Zuckerberg

Subsequently, Facebook confirmed the agreement through its official blog, in which it stated that it will carry out quarterly checks to ensure the proper functioning of the privacy controls.

Although this is the second largest fine that has been imposed by the US guarantor, many democratic representatives believe that the amount is not enough. "This ruling does not solve the fundamental problems that led to these violations."

Are you satisfied with the FTC sanctions against Facebook?

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