11–20 of 135 posts
Specifically, under the proposed settlement, Facebook is: "barred from making misrepresentations about the privacy or security of consumers' personal information;" Is this implying companies are allowed to lie? Seems redundant.
Specifically, under the proposed settlement, Facebook is: "barred from making misrepresentations about the privacy or security of consumers' personal information;" Is this implying companies are allowed to lie? Seems redundant.
The proposed order also contains standard record-keeping provisions to allow the FTC to monitor compliance with its order.
and then further down:
Each violation of such an order may result in a civil penalty of up to $16,000.
I really hope that's up to $16,000 per person for each violation.
The fix is in.
Specifically, under the proposed settlement, Facebook is: "barred from making misrepresentations about the privacy or security of consumers' personal information;" Is this implying companies are allowed to lie? Seems redundant.
I think what it means is that, in this case, the FTC gets to watch and make sure Facebook complies. If they don't, they get penalized for it. FTA: The proposed order also contains standard record-keeping provisions to allow the FTC to monitor compliance with its order. and then further down: Each violation of such an order may result in a civil penalty of up to $16,000. I really hope that's up to $16,000 per person f…
nothing. Zero. The FTC has investigated, and the settlement is zero money and zero penalties. Not one dollar. Whew! I'm glad they were punished! They won't do THAT again!
The U.S. is really in late-stage empire breakdown. I don't think there is any significant enforcement of any laws whatsoever against companies and people that are reasonably well connected. The only thing keeping the society from total breakdown is inertia.
I never understood why bodies like the FTC rely on 'independent, third-party audits' for enforcement, since they end up making the entire action pointless. The independent third-party auditor will give Facebook a stamp of approval, both in the next 180 days and every two years thereafter, because the independent third-party auditor wants the repeat business. Same thing goes for any regulation that depends on a third…
So the penalty for ongoing repeated lies and fraud is.... nothing. Zero. The FTC has investigated, and the settlement is zero money and zero penalties. Not one dollar. Whew! I'm glad they were punished! They won't do THAT again! The U.S. is really in late-stage empire breakdown. I don't think there is any significant enforcement of any laws whatsoever against companies and people that are reasonably well connected. T…
Privacy is a civil good but it is a fine line to walk indeed to punish an innovator during a recession. Where's the happy medium?
The best part is when you get to the footer and see: "Like the FTC on Facebook".
When O when will we get regulators with some distance from those they are regulating? (I'm looking at you SEC.)
FB should not be blamed for sharing information that others freely share with FB. It's ridiculous. It's even more ridiculous to think that government regulation is somehow needed to protect privacy. How absurd.
"I keep using this service and they don't do what I want! But I keep sharing my information with them."
Come on. At a certain point, individuals need to accept that THEY maintain a relationship with FB as well.