Facebook signs privacy agreement with FTC after US$5bn fine
Under the agreement, Facebook will be required to obtain purpose and use certifications from apps and third-party developers who use Facebook data
Facebook has announced an agreement with the Federal Trade Commission (FTC), the US government agency that promotes consumer protection, over privacy protection, according to media reports. The move comes after FTC imposed a US$5bn fine on the social media giant last week.
The agreement will reportedly see Facebook putting more responsibility on the people building new products. Facebook will also be required to obtain purpose and use certifications from apps and third-party developers who use Facebook data.
According to a release reportedly posted by Facebook, the agreement will be something like a “model for the industry”.
Admitting that the Cambridge Analytica scandal was a “breach of trust between Facebook and the people who depend on us to protect their data”, the platform said its new agreement isn’t about regulators, it’s about building trust with consumers.
“Over the past year we’ve made large strides on privacy. We’ve given people more control over their data, closed down apps and applied more resources to protecting people’s information,” the statement reportedly read.For more updates, be socially connected with us on
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