Facebook's legal drama over user privacy violations took an expensive turn last Wednesday with a record-setting $5 billion fine from the U.S. Federal Trade Commission, a penalty agency officers said has implications for all companies collecting user data.
The penalty stems from a year-long investigation by the FTC into the social media company's alleged facial recognition practices, its collection and sharing of data without consent from users, and its lack of transparency for the collection of phone numbers for advertising purposes.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.