Facebook Agrees to Pay $5 Billion Fine and Setup New Privacy Program for 20 Years

The Federal Trade Commission (FTC) today officially confirmed that Facebook has agreed to pay a record-breaking $5 billion fine over privacy violations surrounding the Cambridge Analytica scandal. Besides the multibillion-dollar penalty, the company has also accepted a 20-year-long agreement that enforces it to implement a new organizational framework designed to strengthen its data privacySource...

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Equifax to Pay up to $700 Million in 2017 Data Breach Settlement

Equifax, one of the three largest credit-reporting firms in the United States, has to pay up to $700 million in fines to settle a series of state and federal investigations into the massive 2017 data breach that exposed the personal and financial data of nearly 150 million Americans—that's almost half the country. According to an official announcement by the U.S. Federal Trade Commission (FTCSource...

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