Facebook for a long time was accused of insufficient protection of data of its users. The critical moment was the explosion of scandal associated with Cambridge Analytica, when due to data leakage, it turned out that some companies use Facebook user data for commercial purposes. The Federal Trade Commission in the US dealt with this problem and today, after months of investigation, it is time to issue a penalty. Penalty is record high.
Officially, Facebook was fined with 5 billion of dollars as a result of inadequate security of the collected user data. FTC has also proven that above-mentioned sharing of confidential data with third parties without the users' knowledge was true. In addition, the Federal Trade Commission forced Facebook to change regulations connected with security inside company. The company's representatives will have to make quarterly reports in which they will describe solutions introduced on the website in order to protect customers' privacy.