Cybersecurity
Facebook Faces Potential Record U.S. Fine on Privacy Violations
- FTC probe sparked by Cambridge Analytica breach last year
- Agency facing pressure to levy large penalty on Facebook
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A U.S. privacy investigation of Facebook Inc., begun after a major data breach was exposed in March, is likely to result in a record fine against the company, according to a person familiar with the matter.
The Federal Trade Commission, the nation’s chief privacy watchdog, is weighing a penalty against the social-media giant for violating a 2011 settlement with the agency that required the company to take a series of steps to protect users’ personal information, said the person, who asked not to be named because the investigation is confidential. The probe may be months from completion, the person said.