41–50 of 331 posts
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…
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…
Well, fuck that and fuck me, those people are not idiots, they're criminals.
Before this thread becomes a Facebook bashing session, please keep in mind that Equifax leaked all your SSN data along with names and addresses and got away with no fines.
And?
Isn't that just like 1 month's worth of revenue? That amounts to absolutely nothing in today's world, not even an incentive to reduce the bad behavior. Jail time for lawbreaking executives needs to happen . The financial penalties do not dissuade bad behavior or act as a deterrent, so the same crimes will continue to be committed. Are there any peer-reviewed studies looking at deterrence of financial/tech/privacy cri…
> 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
Earlier quoted context omitted.
Facebook will not acknowledge any wrongdoing as part of the settlement....Which is what I expect the script to read. If the settlement happens, I imagine this would provide some weight behind any class action lawsuit.
> will not acknowledge any wrongdoing as part of the settlement This bugs the heck out of me (in general, not specific to this case). What is point of letting them claim innocence? How does this benefit the consumer? I can see occasional exceptions where it's clearly a case of misunderstandings so you don't want to bring down the full hammer...but I honestly can't remember more than one such case where someone DID ac…
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.
Earlier quoted context omitted.
1 month of revenue is how many months of profit?
That misses the point: it's effectively a (cheap) speeding ticket for bad behavior over the life of the company. It would be a bargain at twice the price from their point of view.
Before this thread becomes a Facebook bashing session, please keep in mind that Equifax leaked all your SSN data along with names and addresses and got away with no fines.
Can someone explain how Facebook gets a fine but Equifax doesn't? I don't understand how? Or has Equifax not been fined yet?
https://www.ftc.gov/news-events/press-releases/2011/11/faceb...
Earlier quoted context omitted.
Can someone explain how Facebook gets a fine but Equifax doesn't? I don't understand how? Or has Equifax not been fined yet?
Facebook is a popular target right now and the subject is politically charged. That's it.