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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2022-12-28T19:28:00
Meta, the parent company of Facebook, agreed to pay $725 million to settle a class-action lawsuit accusing the social media giant of selling data to third parties without users’ consent.
The proposed settlement, pending a judge’s approval, would be the largest ever of a privacy class action in the United States, according to a Dec. 23 press release from Keller Rohrback, a law firm representing the plaintiffs in the case.
The lawsuit, which was first filed in U.S. District Court for the Northern District of California in 2018, arose out of the Cambridge Analytica scandal. In July 2019, Facebook reached a groundbreaking $5 billion settlement with the Federal Trade Commission for privacy violations related to the matter, in addition to paying a $100 million fine imposed by the Securities and Exchange Commission for misleading disclosures regarding the risk of misuse of Facebook user data.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
Register for free
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2023-05-04T20:37:00Z By Adrianne Appel
Facebook violated a 2020 data privacy order that mandated enhanced privacy controls for users, the Federal Trade Commission alleged, recommending stricter controls be imposed on the social media giant.
2022-11-28T20:32:00Z By Neil Hodge
Meta Platforms Ireland was fined €265 million (U.S. $274 million) for failing to put in place adequate measures to protect users’ data after a leak compromised the personal details of more than half a billion individuals.
2019-07-24T20:16:00Z By Jaclyn Jaeger
The FTC hit Facebook with a ground-breaking $5 billion penalty for privacy violations, but the bigger takeaway for CCOs is the unprecedented new privacy and corporate governance obligations the company must implement.
2024-07-26T12:54:00Z By Adrianne Appel
Michael Macko, deputy director of enforcement at the California Privacy Protection Agency, described priorities for the agency now and in the near future during a recent board meeting.
2024-07-24T13:19:00Z By Adrianne Appel
Eight large companies, including Mastercard and JPMorgan Chase, have been ordered by the Federal Trade Commission to provide detailed reports about their possibly secret use of artificial intelligence to track customers and use the information to set prices.
2024-06-24T21:02:00Z By Jeff Dale
Facial recognition company Clearview AI reached a preliminary settlement in a class action lawsuit alleging it violated the Illinois Biometric Privacy Act, with the company agreeing to compensate victims with stake in the company.
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