Social Media


Privacy War

Privacy warfare: Competitors, consumers pose new risks

2019-11-19T21:38:00+00:00By

With a new wave of privacy laws empowering consumers to police their own data, companies are facing increased risk in areas they might not have considered.

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Survey: Compliance struggles to keep pace with mobile, social tech in workplace

2019-11-18T22:11:00+00:00By

A new survey shows the use of personal devices and contemporary communication platforms are par for the course in work settings; yet 45 percent of firms feel they are incessantly behind the eight-ball when it comes to managing electronic message compliance.

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e-Book: Social media & electronic messaging: Know your risk

2019-11-18T14:02:00+00:00Provided by

The blending of corporate culture with the proliferation of social media carries with it a heavy burden of risk.

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House Financial Services Committee grills Facebook’s Zuckerberg

2019-10-23T20:42:00+01:00By

Wide-ranging questions target Libra, discriminatory housing ads, lack of diversity at Facebook, and whether Facebook’s CEO actually read the hearing packet the committee sent to him.

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Facebook antitrust probe expands to 47 AGs

2019-10-22T17:06:00+01:00By

An antitrust investigation into Facebook led by the New York Attorney General’s office widened with the announcement that 47 attorneys general are now taking part.

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Libra springs a leak: Visa, Mastercard, others bail

2019-10-15T14:36:00+01:00By

Visa, Mastercard, and a handful of other companies have followed in the footsteps of PayPal, abandoning the Facebook-led Libra Association amid harsh regulatory criticism surrounding the planned cryptocurrency offering.

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Zuckerberg to testify before Congress on Libra

2019-10-09T17:17:00+01:00By

Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on Oct. 23 regarding his company’s planned venture into the cryptocurrency space.

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Libra Association soldiers on after PayPal withdraws

2019-10-08T21:33:00+01:00By

PayPal leaving Facebook’s Libra project is just a bump in the road in the drive toward developing a global digital currency payments network, a Libra Association spokesperson says.

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Facebook suspends apps over privacy concerns

2019-09-23T20:20:00+01:00By

Facebook announced it has suspended “tens of thousands” of apps as part of an investigation launched in the aftermath of last year’s Cambridge Analytica scandal.

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Facebook’s Zuckerberg schmoozes with Trump, lawmakers

2019-09-20T16:26:00+01:00By

Facebook CEO Mark Zuckerberg met with about a half dozen senators at a dinner this week before visiting the White House to meet with President Trump. The key focus of the visit: discussing the future of internet regulation.

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Facebook faces multistate investigation for possible antitrust violations

2019-09-06T15:34:00+01:00By

The New York Attorney General’s office is leading a multistate investigation into social media giant Facebook for potential antitrust issues.

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Data privacy vs. national security: Moving the conversation forward

2019-08-14T19:00:00+01:00By

Data privacy compliance and national security seem to be in opposition—with one coming at the expense of the other. It’s time to instead focus the conversation on identifying opportunities for the private sector and government to collaborate.

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Facebook loses appeal, faces costly privacy class action

2019-08-12T16:34:00+01:00By

The ruling of a federal appeals court has Facebook once again at risk of facing fines north of $1 billion for alleged misuse of users’ biometric data.

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Facebook, Libra questioned by global data leaders

2019-08-06T18:03:00+01:00By

Data privacy leaders from the United States, United Kingdom, European Union, and Canada are among a group to come together and voice their concerns over Facebook’s planned venture into the cryptocurrency space with Libra.

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Facebook concedes Libra currency might never launch

2019-07-31T20:26:00+01:00By

Facebook recently acknowledged in a filing with the SEC that there can be no assurance its planned Libra offering “will be made available in a timely manner, or at all.”

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AG Barr rides Facebook woes to tout antitrust review of Big Tech

2019-07-25T18:57:00+01:00By

As tech companies grow to dominance, do they pose a competitive hardship to rivals left in their wake? The Justice Department wants to know.

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Webcast: Broker-Dealers on Social Media: Understanding the Risks

2019-07-25T14:56:00+01:00Provided by

Regulations put broker-dealers squarely in the spotlight of various risks and responsibilities. FINRA and the SEC govern marketing communications and advertising practices when communicating with the public. Additionally, the cybersecurity threat landscape is evolving and is one of the primary operational risk’s firms face today.

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Facebook settlement was barely worth waiting for

2019-07-24T21:01:00+01:00By

The compliance aspects of what will be expected of Facebook going forward were fair enough, but a lack of personal liability has us questioning the settlement.

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The Facebook Effect: ‘Price of privacy violations just went up’

2019-07-24T20:16:00+01:00By

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.

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Facebook to pay $100M for misleading disclosures

2019-07-24T19:46:00+01:00By

In addition to its record-breaking FTC fine, Facebook on Wednesday reached a $100 million settlement with the SEC for making misleading disclosures regarding the risk of misuse of its user data.

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Congress, Treasury take swings at Facebook’s Libra plan

2019-07-16T20:51:00+01:00By

A plan by Facebook to enter the world of virtual currency is attracting predictable skepticism in Washington. It could also expedite the slow emergence of national data protection laws.

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FTC looks worryingly timid in staying silent on Facebook

2019-07-15T19:19:00+01:00By

The FTC, by dragging its feet and keeping silent on a massive Facebook fine, raises concerns about its potential role as top cop on the data privacy beat.

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After another arrogant move, Facebook needs to be put in check

2019-07-11T21:17:00+01:00By

The social media company is hardly quiet about its crypto initiative, but nevertheless failed to see the materiality of creating a global payments system.

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Fed Chair urges caution with Facebook virtual currency venture

2019-07-11T20:53:00+01:00By

Count Federal Reserve Chairman Jerome Powell and several members of Congress as concerned observers of Facebook’s planned foray into the world of virtual currency.

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U.K.'s CMA mulls new regulator to tackle Big Tech

2019-07-09T14:46:00+01:00By

The CMA, U.K.’s competition watchdog, explores whether a separate regulator is needed to oversee leading digital firms that have become “data monopolies” that stifle competition.

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Despite critics, Facebook plunges into virtual currency

2019-06-19T17:37:00+01:00By

Amid growing antitrust scrutiny and data privacy complaints, Facebook is nevertheless expanding into the cryptocurrency space.