FTC Finalizes Settlement With Facebook

Aug 13, 2012 16:33:35Posted by John Skorick, MyAKA Founder & CEO

FTC Finalizes Settlement With Facebook

The Federal Trade Commission (FTC) finalized their settlement with Facebook this past Friday. Facebook will now be required to be clear with its settings so none of its users are unwittingly sharing information that can hurt their internet privacy, according to The Associated Press.

Facebook members started filing complaints to the FTC in 2009, as Facebook revised its privacy policies and did not notify users of how to protect information that was made public with the update. As a result, the FTC stepped in and the two groups finally reached a settlement in November, but it took more than a few months to finalize the details, according to the news source.

If Facebook does not comply with these new rules, they could be subjected to $16,000 fines for each violation, the media outlet reports.

This came a day after the FTC fined Google $22.5 million for its alleged Safari tracking methods, according to CNET. Google said Apple had changed its cookie-handling policy, which tracked a person's internet use and showed them advertisements that linked to their browser history. Even though the search engine supergiant did not admit to any wrongdoing, they are still required to pay the fine. The FTC is using them as an example to any other company trying to do the same.

"The record setting penalty in this matter sends a clear message to all companies under an FTC privacy order," Jon Leibowitz, the commission's chairman, said today in a statement. "No matter how big or small, all companies must abide by FTC orders against them and keep their privacy promises to consumers, or they will end up paying many times what it would have cost to comply in the first place."