Discord Server Red Security Twitter Donation to Red Security Red Security Youtube Channel Red Security Tumblr Profile
Login or Register to Hide ads and Accessing all features on the forum

News 

Facebook to Pay 5 Billion Fine to FTC: Will End FTC Probe

0 Replies, 1316 Views

[Image: MARKET_1.jpg?mP45ym56spewhLcqwiuiaIo58qbeVApY]

                 
                         Facebook might very well be facing a huge fine by the FTC, of 5 billion, due to its involvement in the Cambridge Analytica scandal that effected the 2016 US Presidential election. Related article can be found here. But some are afraid that Facebook won't learn its lesson, as the fine is barely a tab on the wrist, for a company that makes tens of billions every year. The total fine only amounts to one month of Facebook's earnings, henceforth, a quality argument could be made for those who fear that what happened with Cambridge could happen again. 

           While the FTC has finalized a fine, it still has to be approved by the US Department of Justice. Beside the FTC fine, the UK based Information Commissioner's Office has also imposed a 500,000 pound [628,000 USD] fine on Facebook also because of the Cambridge scandal. 


           Original article can be found here.


                      That was the news folks, have a good weekend, and stay safe out there

          -----Mad-Architect 
01001001 00100000 01000001 01001101 00100000 01011010 01001111 01000100 01001001 01000001 01000011

Possibly Related Threads…
Thread Author Replies Views Last Post
Sad News Security Vendor Leaks Over Five Billion Breached Records Mr.Kurd 0 1,566 03-20-2020, 12:06 PM
Last Post: Mr.Kurd
Question News New Android Cookie-Stealing Malware Found Hijacking Facebook Accounts Mr.Kurd 0 1,518 03-13-2020, 11:15 AM
Last Post: Mr.Kurd
Exclamation News A vulnerability that Allows Hackers to Hijack Facebook Accounts Mr.Kurd 0 1,505 03-04-2020, 07:17 AM
Last Post: Mr.Kurd
Wink News Hackers deface Facebook's official Twitter and Instagram accounts Mr.Kurd 0 1,492 02-08-2020, 10:39 AM
Last Post: Mr.Kurd
  News Facebook Pay ICO Fine: People Still Weary Mad-Architect 0 1,438 10-30-2019, 04:09 PM
Last Post: Mad-Architect
  News Untold Number of Facebook User's Passwords Found On Exposed Server: Mad-Architect 0 1,762 09-05-2019, 03:26 PM
Last Post: Mad-Architect
  News Facebook Facing Yet More Scrutiny: Discovered Listening To Private Conversations Mad-Architect 0 1,331 08-17-2019, 02:29 PM
Last Post: Mad-Architect
  News Akamai States Cyber-Criminals Very Active: Over 3 Billion Cred-Stuffing Attacks Mad-Architect 0 1,476 07-31-2019, 07:32 PM
Last Post: Mad-Architect
  News Huawei to Invest Over 3 Billion in Italy: 5G Network to Blossom Mad-Architect 0 1,421 07-15-2019, 01:21 PM
Last Post: Mad-Architect
  News Facebook Fined 1 Million Over Cambridge Scandal: Mad-Architect 0 1,434 07-01-2019, 11:09 AM
Last Post: Mad-Architect



Users browsing this thread: 1 Guest(s)