I'm curious why this is getting flagged. I suppose that it's so contentious that it's generating pointless argument. But it is a remarkable action by the FTC. Especially given concerns after Obama-era privacy initiatives got reversed.
FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
141–150 of 221 posts
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#142This isn't going to do anything. It's similar to an SEC fine. All it's going to be is a legal write off for the company.
What really needs to happen is companies need to be broken up or violating privacy without consent needs a criminal penalty.
Strict. But I don't see how monetary fines damage companies this large anymore...
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#143Does it bother anyone else that Facebook is being fined $5 billion while Equifax, a company with a history of anti-consumer activity and privacy violations going back decades, the company that congress was forced to enact the Fair Credit Reporting Act to contain, and who gave away all the personal information for over a hundred million people through its own negligence, was fined a mere $650 million? Do you get the i…
Thinking of this in a proportional sense is the wrong comparison. It's a settlement - therefore it needs to be compared to how much damage a non-settlement was going to cause FB.
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#144Earlier quoted context omitted.
> prohibited from using telephone numbers obtained to enable a security feature (e.g., two-factor authentication) for advertising Facebook is not alone in misuse or wrongful use of phone number given for 2FA. LinkedIn explicitly requires phone number to be added on the profile to enable 2FA and makes the phone number visible by default to all the contacts, if you don't want your phone number visible; you'll have to l…
Yesterday I went to set up 2FA for MongoDB and entered my phone number in the form but then realized I could use Authy so I never hit save/submit. I’ve already gotten two text messages from them even though my account shows my phone number as “Not Set.” It really made me wonder what other shady stuff they might be doing with my and my customer’s data.
What's the /dev/null of phone numbers?
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#145Earlier quoted context omitted.
Yesterday I went to set up 2FA for MongoDB and entered my phone number in the form but then realized I could use Authy so I never hit save/submit. I’ve already gotten two text messages from them even though my account shows my phone number as “Not Set.” It really made me wonder what other shady stuff they might be doing with my and my customer’s data.
What's the /dev/null of phone numbers?
4158675309
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#146Earlier quoted context omitted.
> So from Facebook's perspective, this is probably a big win. $5 billion is a lot, but Facebook is huge. Even considering, it's probably not pocket change for them, but they are getting a benefit from it for sure. They are buying public opinion. "Look at us..we took a big fine and agreed to respect your privacy .. you can trust us now." It's essentially a very expensive ad, used to rebuild trust with their cattle; I…
The biggest thing that makes the 5 billion fine a bargin: The FTC settlement indemnifies Facebook for "any and all claims prior to June 12, 2019"
Does that mean claims already raised by then or claims pertaining to actions earlier than then? The former seems like a bad idea and the latter seems like it shouldn't even be possible.
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#147Does it bother anyone else that Facebook is being fined $5 billion while Equifax, a company with a history of anti-consumer activity and privacy violations going back decades, the company that congress was forced to enact the Fair Credit Reporting Act to contain, and who gave away all the personal information for over a hundred million people through its own negligence, was fined a mere $650 million? Do you get the i…
Came here to say this! I still can't believe credit bureaus are allowed to even exist. At no time do I give them explicit permission to collect my (very) personal information, there's almost literally no way I can opt out (short of not participating in the modern financial system), their interpretation of this data has an outsized influence on my quality of life, AND they have proven themselves incompetent at protect…
>If I'm worried about Facebook's use of my data the answer is simple: stop using Facebook.
Don't forget to stop using every website that embeds facebook buttons (or block the scripts). It's not exactly easy to prevent facebook from gathering information either.
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#148Earlier quoted context omitted.
Came here to say this! I still can't believe credit bureaus are allowed to even exist. At no time do I give them explicit permission to collect my (very) personal information, there's almost literally no way I can opt out (short of not participating in the modern financial system), their interpretation of this data has an outsized influence on my quality of life, AND they have proven themselves incompetent at protect…
You did give them explicit permission by participating in the modern financial system. That's why I keep saying all the hypothetical privacy concerns with Facebook's Libra already are reality with the current financial system. Equifax also didn't get fined because of what they were doing, but because they were negligent in handling the data. Having said that, given the importance of consumer debt in the US economy, c…
>You did give them explicit permission by participating in the modern financial system.
That sounds like implicit permission at best.
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#149where should they send the check to so i can get my payout?
Re: FTC Imposes $5B Penalty and Sweeping New Privacy Restrictions on Facebook
#150Surprised how little coverage this is getting here. Maybe the FTC should have added another zero to raise some pulses among the tech crew