Facebook could theoretically owe the FTC $7.1 trillion for recent data scandals
Facebook is under a new wind of scam these days. It has been revealed that 50 million users’ data have been exposed without the users’ consent. In reality, the figure is more than 85 million. The Facebook CEO Mark Zucherburg testified before Congress and apologized.
The widely used social media platform Facebook is under investigation due to users’ data violation which is close to 87 million. In 2011. Facebook came into agreement with Federal Trade Commission to take care of user’s privacy. I had previously deceived users to keep their information private. However, they later made it public and shared publicly without consent.
Under that agreement, Facebook was supposed to follow some rules. According to FTC’s own statement “Facebook is barred from making misrepresentations about the privacy or security of consumers’ personal information; … [and is] required to obtain consumers’ affirmative express consent before enacting changes that override their privacy preferences”
The recent exploitation of data by Cambridge Analytica – a political analysis firm which was also linked with Donald Trump’s election campaign during 2016, created outrage among people. Many politicians supporting #DeleteFacebook trend which has emerged on Twitter and other social platforms.
There is more outcry among people when they discovered that their deleted videos were still present in the data archive.
The survey estimated that number of users’ data that have been compromised to Cambridge Analytica could lead to a fine of $7.1 trillion to Facebook by Federal Trade Commission.
In fact, Mark Zuckerberg Congress was not aware of the terms written in the agreement and he was in absolute indifference in front of Congress when asked by these terms. The term stated that Alexander could sell user information. That term of fact was actually in conflict with FTC terms and conditions which obliged Facebook to provide comprehensive privacy program. “Our app view team was responsible”, asserted Zucherburg to review those terms.
FTC is investigating the facts and Facebook may likely to face fines and other penalties.