- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-05-04T20:37:00
Facebook violated a 2020 data privacy order that mandated enhanced privacy controls for users, the Federal Trade Commission (FTC) alleged Wednesday, recommending stricter controls be imposed on the social media giant.
The alleged violations came to light after an independent third party conducted an assessment of Facebook’s progress toward meeting the requirements of the 2020 order and found “gaps and weaknesses” in the company’s privacy program, the FTC said in its order to show cause.
Facebook, now known as Meta, violated a 2012 FTC order by giving app developers access to users’ private data as recently as mid-2020, the FTC said. The alleged violations of the 2012 order led to the 2020 order and a $5 billion penalty against the company.
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Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
The U.S. surgeon general issued a “call for urgent action” to policymakers about further limiting social media access for youth, along with enhancing online privacy protections for children.
Meta and other Big Tech firms will soon learn if they might be prevented from transferring the personal data of European citizens to the United States in the way they do now.
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
