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Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

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121–130 of 331 posts

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#121
post #104
post #62

Finding the right fine for actions like this is hard. On one hand, we (as a society) want it to hurt, to cause the company real pain. On the other hand, we don't want to actually destroy the company. This leads to a "cost of doing business" problem, where evil practices become a preferred path for management, if evil is sufficiently profitable. The underlying problem is that corporations are NOT people, whatever the…

The size of the forest fire matters. Facebook is probably the first company in history that can cause planet wide forest fires at scale and speed never possible before. That said I think they finally get that, after a long period of total denial. Not because of the fines and regulatory action which have come too late, but just from all the unintended unignorable consequences that have pilled up.

Yeah. The loss of long-term customers over privacy issues, addiction issues, and general creepiness is probably a greater concern to them than a fine.

I quit using Facebook because I realized it's actively unhealthy for me, and I've been "healing" since. They don't want the dribble of middle class tech nerds leaving the platform to become a flood.

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#122

Yet the stock is up almost 10% in after hours trading... the fine is not nearly enough to discourage criminal wrongdoing. https://finance.yahoo.com/quote/fb?ltr=1

It's almost as if the company reported earnings that beat expectations...

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#123
post #72

Earlier quoted context omitted.

Hrm, so you checked the apache access logs, or maybe an error log, what about the system logs? Does the login request spin up a bash script and pass the password to it? I don't think it's trivial to guarantee non-existence.

> I don't think it's trivial to guarantee non-existence. I disagree in this case. Log messages don't spontaneously appear in arbitrary places. If the developers understand what their software is doing and how their systems are configured then they should know where to check for the logging messages.

Until someone turned on logging of the full request body on the load balancer/proxy or otherwise unknown-to-you middlebox that was the TLS termination point in production that you did not know about

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#124
post #38

Seems like they should add another 0 to the fine after the recent hat trick: 1) Prompting users to give Facebook their email passwords.[0] 2) Using that email access to "inadvertently" upload the information of their email contacts.[1] 3) Storing said passwords and others in plaintext. [2] It's pretty impressive that a company could do something so brazenly malevolent and be confident that they will escape with no mo…

> 3) Storing said passwords and others in plaintext. [2] in logs.

> in logs.

... for seven years.

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#125

Earlier quoted context omitted.

I'm ashamed to say that up until now, when I saw Facebook (or similar) acting evil I thought about the quote, "Never attribute to malice that which is adequately explained by stupidity". Well, fuck that and fuck me, those people are not idiots, they're criminals.

Not to contradict your overall sentiment, but people often focus on intention with these issues. I think that's wrong. Like, if someone treads dog poo into my house on their shoes, it doesn't really matter if they did it by mistake, or spent ages walking around town trying to find some dog poo to step in before coming to my house; the effect is that there is now dog poo on my carpet. We need to be more dispassionate…

Words like malice and evil require intent. If we don't want the conversation to be about intent, we should use words like amoral. Facebook isn't actively trying to harm their customers, they simply don't care about them. That is amoral not evil.

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#126

It seems beside the "the bug bounty is far less than it would have sold for in the dark market" another meme has taken hold of HN. No matter how significant the fine is, there always be people clamoring how trivial it is compared to their revenues. It could have been $10B and you would hear the same thing. The only fine, then, worth slapping is one that bankrupts the entire company. Facebook made ~$7B net income in 2…

The fine should be high enough to nullify any profit they made from their malfeasance, plus some amount as punitive damages to discourage the behavior in the future.

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#127
post #75
post #47

Earlier quoted context omitted.

If you're a small business - I get it, it's good to whitelist whatever information you're logging explicitly, but for smaller teams a hard to diagnose issue might lead the team to "log everything so we can sort it out later". Facebook is Facebook, whether this decision was the product of the corporation as a whole, a small dev team, or a highly paid consultant/third party, Facebook is a big enough company that they d…

I've worked for multiple Fortune 25 companies, and that excuse does not fly. Not in banking or healthcare, where breaches of privacy/confidentiality are actually illegal, rather than merely distasteful. Small teams and careless devs doing that sort of bad logging will be caught and corrected by strict security oversight. This is the sort of thing that leads the HN crowd to sneer at the old, slow ways of the enterpris…

The passwords in plaintext wasn't a breach or a leak. If you punish Facebook for it, they would be less inclined to share such information in the future.

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#128
post #125

Earlier quoted context omitted.

Not to contradict your overall sentiment, but people often focus on intention with these issues. I think that's wrong. Like, if someone treads dog poo into my house on their shoes, it doesn't really matter if they did it by mistake, or spent ages walking around town trying to find some dog poo to step in before coming to my house; the effect is that there is now dog poo on my carpet. We need to be more dispassionate…

Words like malice and evil require intent. If we don't want the conversation to be about intent, we should use words like amoral. Facebook isn't actively trying to harm their customers, they simply don't care about them. That is amoral not evil.

> Facebook isn't actively trying to harm their customers, they simply don't care about them. That is amoral not evil.

Don't bend yourself out of shape. Actively, happily ignoring the evil you have caused and continue to cause is evil.

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#129

Earlier quoted context omitted.

Agreed. This small of a fine comes off as a cost of doing business for a company as large as Facebook.

This isn't the future I wanted.

I'm like 99% sure this has always been the "ideal" business model. Only take a chance if you can afford it. Something, something cost-benefit analysis.

There was a stink about a car manufacturer and seat belts (I think) a few years back. They decided the cost of a few settlements for dead people was less than the cost of fixing the problem.

This is now, has been, and (unless we eat the rich) always will be the way it is.

Re: Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues

#130

> Every insider I've spoken to said any FTC fine on Facebook under $10 billion would be seen as a massive win, showing firm won't face serious consequences for privacy violations. Wall St. seems to agree in response to news of $3-$5b settlement [$FB up 4% after hours] https://twitter.com/lhfang/status/1121148735818358784

In other words, market rewards Facebook for being fined only $5 billion by increasing their market cap $20 billion. Unreal.
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