The FTC (Federal Trade Commission) is in the middle of settling a dispute with Facebook that might need the firm to reinforce its privacy practices by making new privacy-aimed jobs at the firm, as per a media report.
The agreement is not final, and the terms of the settlement will not be official till the FTC officially declares. As per reports, Facebook has decided to make a new privacy oversight group that might comprise board members from Facebook. Mark Zuckerberg might also take on a new position as the “designated compliance officer.” This might make him personally accountable for how the platform upholds consumer data privacy.
The privacy group might meet every quarter and evaluate privacy practices of Facebook. Also comprised is the position of an “external assessor” who might be hired by both the FTC as well as the privacy committee. That individual might analyze whether the firm is obeying the FTC’s rule and own privacy policies of Facebook. Facebook revealed earlier in its quarterly earnings that it anticipates to be penalized anywhere from $3–5 Billion after a year-long probe by the FTC into the firm’s privacy means.
Speaking of FTC, Office Depot earlier agreed to pay a settlement worth $25 Million with the FTC for supposedly lying to users so as to make them pay for tech support. The retailer provided users a free virus scan, which might claim to the user that his/her PC was infected with virus even if it was not. As per the FTC, Office Depot looted users out of millions of dollars for PC repair services from 2009 to 2016.
To perform the false scans, Office Depot employed a piece of diagnostics tool dubbed as PC Health Check, which was licensed and created by Support.com. The results by the tool were actually based on a sequence of questions that the user has asked before the scan.