FTC alleges that Facebook failed to protect confidential data of its users from prying third parties, service ads, & lying to users that its facial recognition software was turned off by default, The Verge reports.
In addition to the massive fine, Facebook will also agree to a series of new restrictions such as conducting preview review of every new product & obtaining consent to create new facial recognition models.
The social networking giant will also pay USD 100 million to the Securities & Exchange Commission for failing to disclose the breach to investors.
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