Cost of privacy

“Facebook Sets Aside $3 Billion to Cover Expected FTC Fine,” The Wall Street Journal, April 25, 2019. Reserve to cover potential fine from privacy violations.

You tell the FTC that you won’t share user data without consent.  And then you share it anyway.  Oopsie.

So, Information (user data) shared without consent (Compliance) in violation of agreement with the FTC (Governance/Compliance). One question: is this fine (one quarter’s profit) sufficient to penalize this behavior by Facebook and deter similar violations by others?

Advertisements

Leave a comment

Filed under Theme One: Information, Theme Three: Compliance, Theme Two: Governance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s