Facebook and FTC Announce Settlement of Privacy Issues

Earlier this week, the Federal Trade Commission (FTC) announced its proposed settlement with Facebook over what it termed “unfair and deceptive” business practices. As part of its agreement with the FTC, Facebook must collect users’ permission before making any changes to privacy settings and must also undergo annual consumer privacy audits over the next 20 years. The FTC’ settlement stems largely from changes Facebook made to its privacy procedures in 2009. Among other things, Facebook allegedly publicized information that users had set as private without any notice to the users. The FTC did not impose any fines but Facebook will be forced to pay $16,000 a day for any future violations.
New York Times: F.T.C. Settles Privacy Issue at Facebook (29 November 2011)
(Source: New York Times)