Federal Trade Commission is reportedly negotiating a settlement with Facebook that includes a multibillion dollar fine for privacy failures. FTC has demanded a fine be levied on Facebook that would be a record for any penalty yet imposed on a technology firm. FTC launched a fresh probe in March 2018 over revelations that a controversial data analytics firm, Cambridge Analytica, was able to obtain 87 million Facebook profiles from a Cambridge University lecturer who created a popular personality quiz on the social network. If Facebook can’t reach a penalty agreement with the FTC, the regulator’s next move would be to take the case – and its penalty demands – to court.”]
Source: https://www.cuinfosecurity.com/report-facebook-faces-multibillion-dollar-us-privacy-fine-a-12025