“The U.S. Federal Trade Commission is investigating whether the use of personal data from 50 million Facebook users by Cambridge Analytica violated a consent decree the tech company signed with the agency in 2011, Bloomberg reported Monday,” Sara Salinas reports for CNBC. “The report follows a weekend of turmoil for Facebook after the research firm was alleged to have improperly gained access to the data of more than 50 million Facebook users.”

“A violation of the consent decree could carry a penalty of $40,000 per violation, which could mean a fine conservatively estimated to be “many millions of dollars in fines” for Facebook, The Washington Post reported over the weekend, citing a former FTC official,” Salinas reports. “‘We reject any suggestion of violation of the consent decree. We respected the privacy settings that people had in place. Privacy and data protections are fundamental to every decision we make,’ Facebook said in a statement to The Washington Post on Saturday.”

“The consent decree requires that Facebook notify users and receive explicit permission before sharing personal data beyond their specified privacy settings,” Salinas reports. “Shares of Facebook fell as much as 3 percent Tuesday, after falling as much as 8 percent on Monday. UK officials are also investigating the alleged mishandling of data, ordering auditors hired by Facebook to stand down and summoning CEO Mark Zuckerberg to provide evidence for review.”

Read more in the full article here.

“The Facebook revelations have also prompted bipartisan, transatlantic concern,” David McLaughlin reports for Bloomberg. “The U.S. Senate Commerce Committee announced Monday evening it would like a briefing on ‘the use and sharing of individual Facebook user data.'”

“The chairman of a UK parliamentary committee announced Tuesday he was requesting that Facebook Chief Executive Officer Mark Zuckerberg, who has remained silent for days, appear before the panel to supplement prior testimony by the company’s executives,” McLaughlin reports. “Republican lawmakers, who normally resist regulation of private business, started coming down on the company as early as Sunday, with Senator Jeff Flake of Arizona calling the privacy violations ‘significant’ and Senator Marco Rubio of Florida saying he was ‘disturbed’ by many things about the company.”

Read more in the full article here.

MacDailyNews Take: Faceplant.

The roof, the roof, the roof is on fire!
We don’t need no water
Let the…

SEE ALSO:
The problem isn’t Cambridge Analytica: It’s Facebook – March 19, 2018
Apple: Privacy is a fundamental right – September 27, 2017
It’s past time for you to STOP USING FACEBOOK – March 19, 2018
Delete your Facebook: The only way to win the social game is not to play – March 19, 2018
How you access the super creepy data that Facebook has on you – March 12, 2018
Facebook asks users: Should we allow men to ask children for sexual images? – March 6, 2018
Study: Facebook is for old people – February 12, 2018
Mark Zuckerberg is fighting to save Facebook; announces major change to News Feed – January 12, 2018
Facebook developing ‘Portal’ gadget which will let it put microphones and cameras in people’s homes – January 11, 2018
Facebook is giving the US government more and more data – December 21, 2017
Former Facebook exec: Facebook is ‘destroying how society works’ – December 11, 2017
Apple’s cutting-edge ‘differential privacy’ is opt-in – June 24, 2016
Apple’s cutting-edge ‘differential privacy’ offers unique option for technology users – June 20, 2016
Apple’s use of cutting-edge tech will peek at user habits without violating privacy – June 16, 2016
Apple unveils iOS 10, the mother of all iOS releases – June 13, 2016
Apple previews major update with macOS Sierra – June 13, 2016
Apple seeks to use AI to keep Google off your iPhones, iPads, and Macs – June 15, 2016
Edward Snowden: Apple is a privacy pioneer – June 5, 2015
Tim Cook gets privacy and encryption: We shouldn’t surrender them to Google – June 4, 2015
Tim Cook attacks Google, U.S. federal government over right to privacy abuses – June 3, 2015
The price you’ll pay for Google’s ‘free’ photo storage – June 3, 2015
Apple CEO Tim Cook champions privacy, blasts ‘so-called free services’ – June 3, 2015
Passing on Google Photos for iOS: Read the fine print before you sign up for Google’s new Photos service – June 1, 2015
Why Apple’s Photos beats Google Photos, despite price and shortcomings – May 30, 2015
Is Apple is losing the photo wars? – May 29, 2015
How Google aims to delve deeper into users’ lives – May 29, 2015
Apple CEO Cook: Unlike some other companies, Apple won’t invade your right to privacy – March 2, 2015
Survey: People trust U.S. NSA more than Google – October 29, 2014
Edward Snowden’s privacy tips: ‘Get rid of Dropbox,” avoid Facebook and Google – October 13, 2014
Apple CEO Tim Cook ups privacy to new level, takes direct swipe at Google – September 18, 2014
Apple will no longer unlock most iPhones, iPads for government, police – even with search warrants – September 18, 2014
U.S. NSA watching, tracking phone users with Google Maps – January 28, 2014
U.S. NSA secretly infiltrated Yahoo, Google data centers worldwide, Snowden documents say – October 30, 2013
Google has already inserted some U.S. NSA code into Android – July 10, 2013
Court rules NSA doesn’t have to reveal its semi-secret relationship with Google – May 22, 2013