Facebooks FTC privacy charges settled 20 years of audits required

0401 FTC building full 600 520x245 Facebooks FTC privacy charges settled 20 years of audits required

Perhaps the most tired debate often heard about the social networking super giant that is Facebook is its propensity to reveal the information of its users even after reassuring them it would be kept private.

After being hounded by the FTC to address this very issue including being subjected to an eight-count complaint as part of the agencys ongoing effort to make sure companies live up to the privacy promises they make to American consumers Facebook has finally agreed to settle on the charges.

According to PR Newswire,

The proposed settlement bars Facebook from making any further deceptive privacy claims, requires that the company get consumers approval before it changes the way it shares their data, and requires that it obtain periodic assessments of its privacy practices by independent, third-party auditors for the next 20 years.

This is a developing story. Please refresh for updates.


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