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A new report says Facebook is negotiating a multibillion-dollar privacy violation fine with the Federal Trade Commission over its privacy policies. The fine would be the FTC penalty against a tech company, and could mark a shift in the agency's privacy enforcement.
February 15, 2019 at 03:20 PM
1 minute read
Facebook is negotiating a multibillion-dollar privacy violation fine with the Federal Trade Commission, the Washington Post reported Thursday.
It would be the largest FTC penalty issued to a tech company and could mark a new era of privacy enforcement for the tech industry, privacy lawyers and professionals said. Google Inc. currently holds the tech industry record for largest FTC penalty, settling charges it violated a privacy agreement with the agency for $22.5 million in 2012.
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