Search Results for “Cecilia Kang”


April 24, 2019
Mike Isaac and Cecilia Kang / New York Times

Mike Isaac and Cecilia Kang / New York Times  
Facebook Expects to Be Fined Up to $5 Billion by the FTC in Privacy Probe, Would Shatter Previous Such Record Fine by $4.98 Billion

In its latest quarter’s earnings call, Facebook said it expected to be fined up to $5 billion by the Federal Trade Commission (FTC) for privacy violations, which would be a record for the FTC against a technology company. The previous such record fine was only $22 million, levied against Google in 2012 for misrepresenting some of its online tracking tools. Facebook has been working with the FTC on an investigation that the social media giant violated a 2011 consent decree when it provided users data to controversial political data analysis firm Cambridge Analytica without users’ consent.

Related: Star Tribune, USA Today, TechCrunch, Android Central , Evening Standard, Reuters, Channel News Asia, TIME, Slashdot, GeekWire, TODAYonline, AP Breaking News, Tech Insider, Investor’s Business Daily, Axios, Facebook


May 9, 2019
Cecilia Kang / New York Times

Cecilia Kang / New York Times  
FTC Asks Congress to Regulate How Big Tech Companies Collect and Handle User Data, Seeks Greater Ability to Police Violations and Impose Fines

In testimony before the House Energy and Commerce subcommittee on consumer protection, members of the Federal Trade Commission on Wednesday reiterated their calls for Congress to create a national privacy law that would regulate how big tech companies like Facebook and Google collect and handle user data. Joseph Simons, the agency’s chairman, urged Congress to adopt a new privacy law and strengthen the agency’s ability to policy violations and levy fines. The FTC is currently trying to hammer out a precedent-fine of up to $5 billion against Facebook for violating a 2011 privacy settlement with the agency for giving political consulting firm Cambridge Analytica access to millions of users records without their permission.

Related: POLITICO, Technology News | Boston.com, AP Breaking News, HealthITSecurity, San Jose Business News, Slashdot, EFF, JD Supra Law News, Gizmodo, Boing Boing, San Francisco Chronicle


July 13, 2019
Emily Glazer, Ryan Tracy and Jeff Horwitz / Wall Street Journal

Emily Glazer, Ryan Tracy and Jeff Horwitz / Wall Street Journal  
FTC Approved $5 Billion Fine Against Facebook for Mishandling Users’ Data in Cambridge Analytica Scandal, Sources

In a landmark settlement that many nevertheless consider a slap on the wrist, the Federal Trade Commission (FTC) by a 3 to 2 vote taken earlier this week, has approved a fine of roughly $5 billion against Facebook for mishandling users’ personal information related to the Cambridge Analytica scandal, people familiar with the matter. The deal, the biggest fine levied by the federal government against a technology company, still needs final approval from the Department of Justice, which is virtually guaranteed. Facebook has also agreed to more comprehensive oversight of how it handles user data, sources say, but none of the conditions in the settlement will impose strict limitations on Facebook’s ability to collect and share data with third parties.

Related: WiredDataBreachToday.com, Bloomberg Technology, iDownloadBlog.com, The Guardian, WRAL Tech Wire,Tech Insider, Mercury News, The Verge, TechCrunch, TIME, Slashdot, MacRumors, Axios, CNN.comDigital Trends, BGR, Ars Technica, TODAYonlineFortune, AP Breaking News, The Verge, Android Authority, Bloomberg TechnologyTech Insider, Channel News Asia, Slashdot, Popular Science, The Times of Israel, Mashable, PYMNTS.com, Gizmodo, WCCFtech, Investor’s Business DailyPOLITICO, rthk.hk World News, Huffington Post India, Vox, SC Magazine, Digital Trends, CNN.comEngadget, iDownloadBlog.comTechCrunch, CCN, VentureBeat, AppleInsider, RT USA, Sky News, Washington Post, Wall Street Journal, Quartz, New York Times

Tweets:@gcluley @ceciliakang @dellcam

Wired: FTC Reportedly Hits Facebook With Record $5 Billion SettlementEngadget: WSJ: Facebook reaches $5 billion FTC settlement
DataBreachToday.com: FTC Reportedly Approves $5 Billion Facebook Fine
Bloomberg Technology: Facebook $5 Billion U.S. Privacy Settlement Approved by FTC – Bloomberg
iDownloadBlog.com: Facebook reportedly fined $5 billion by FTC due to privacy violations
The Guardian: Facebook to be fined $5bn for Cambridge Analytica privacy violations – reports
WRAL Tech Wire: Facebook set for record $5 billion fine over its privacy lapses
Tech Insider: The FTC has approved a roughly $5 billion settlement with Facebook (FB)
Mercury News: Reports: Facebook settles with FTC for record $5 billion
The Verge: Facebook reportedly reaches $5 billion settlement with the Federal Trade Commission
TechCrunch: Facebook reportedly gets a $5 billion slap on the wrist from the FTC
TIME: Facebook’s Getting Slapped With a $5 Billion FTC Privacy Settlement
Slashdot: FTC Approves Roughly $5 Billion Facebook Settlement
MacRumors: Facebook to Be Fined $5 Billion in Cambridge Analytica Privacy Scandal
Axios: FTC votes to approve nearly $5 billion in settlement with Facebook
CNN.com: FTC reportedly approves $5 billion settlement with Facebook
Digital Trends: The FTC will hit Facebook with a $5 billion fine over privacy violations
BGR: Facebook agrees to pay FTC $5 billion fine for various privacy violations
Ars Technica: Facebook’s FTC fine will be $5 billion—or one month’s worth of revenue
TODAYonline: FTC approves roughly $5 billion Facebook settlement: WSJ
Fortune: Facebook $5 Billion U.S. Privacy Settlement Approved by FTC
AP Breaking News: Report: FTC approves roughly $5B fine for Facebook
DataBreachToday.com: FTC Reportedly Approves $5 Billion Facebook Fine
BGR: Facebook agrees to pay FTC $5 billion fine for various privacy violations
Android Authority: Facebook will pay a $5 billion fine for one of its many, many privacy scandals
Bloomberg Technology: Facebook $5 Billion U.S. Privacy Settlement Approved by FTC – Bloomberg
Tech Insider: The FTC has approved a roughly $5 billion settlement with Facebook (FB)
Channel News Asia: US regulators approve US$5 billion Facebook settlement over privacy issues: source
Slashdot: FTC Approves Roughly $5 Billion Facebook Settlement
Popular Science: Last week in tech: Twitter’s outage, Facebook’s $5 billion fine, and Nintendo’s new Switch
The Times of Israel: Facebook said to face $5 billion fine for privacy violation
Mashable: Facebook got hit with $5 billion fine, but it’s what comes next that matters most
PYMNTS.com: Facebook And FTC Reach $5B Settlement
Gizmodo: FTC ‘Failed Miserably’ in Punishing Facebook With $5 Billion Fine, Democrats Say
WCCFtech: Facebook Slapped With Record $5 Billion Fine By FTC
Investor’s Business Daily: Facebook FTC Settlement: FB Stock Rallies On $5 Billion Fine
POLITICO: FTC approves $5B Facebook settlement that Democrats label ‘chump change’
rthk.hk World News: US$5 bn fine set for Facebook on privacy probe
Huffington Post India: Critics Say Facebook Penalty Is A Slap On The Wrist As Stock Prices Surge
Vox: Facebook is being fined $5 billion for privacy violations, and Wall Street thinks that’s great news
SC Magazine: Facebook to pony up $5 billion in FTC settlement | SC Media
Digital Trends: The FTC will hit Facebook with a $5 billion fine over privacy violations
CNN.com: FTC reportedly approves $5 billion settlement with Facebook
Engadget: WSJ: Facebook reaches $5 billion FTC settlement
iDownloadBlog.com: Facebook reportedly fined $5 billion by FTC due to privacy violations
CCN: FTC Nukes Facebook with Record $5B Fine and Zuck Will Laugh It Off
VentureBeat: U.S. regulators approve $5 billion Facebook settlement over privacy issues
AppleInsider: Facebook reportedly fined $5B over Cambridge Analytica fiasco
RT USA: US regulator whacks Facebook with largest-ever $5bn fine over privacy violations
Sky News: US regulator approves $5bn fine for Facebook – report
Washington Post: FTC votes to approve $5 billion settlement with Facebook in privacy probe
Wall Street Journal: FTC Approves Roughly $5 Billion Facebook Settlement
Quartz: Facebook has been slapped with a massive fine that won’t hurt it in the slightest
New York Times: F.T.C. Approves Facebook Fine of About $5 Billion

@gcluley: The FTC has approved a roughly $5 BILLION settlement with Facebook after a long-running probe into the site’s privacy screw-ups
@ceciliakang: NEW: F.T.C. Approves Facebook Fine of About $5 Billion https://nyti.ms/2XHcVc4 (AND FINALLY!!)
@dellcam: facebook shares move sharply to highest price on Friday as news of a historic $5 billion fine breaks