The FTC is getting business done this week. Shortly after settling a complaint with Google over privacy concerns, the FTC has settled with Facebook over privacy concerns. Sound like a broken record? Yes, it's true, these big websites are using your information in ways they don't want you to know. But have no fear as the FTC has your back.
The settlement with Facebook doesn't include the massive fine that was levied against Google, but does include penalties if Facebook doesn't comply. The terms of the agreement state that Facebook must give "consumers clear and prominent notice" and obtain "their express consent before sharing their information beyond their privacy settings."
Furthermore, Facebook will be subject to "biennial privacy audits from an independent third party." The settlement was actually announced way back in November of 2011, but was left open for public comment until today's final agreement. Going forward, Facebook will have to comply or be subject to fines amounting up to $16,000 a violation.
"We intend to monitor closely Facebook's compliance with the order, and will not hesitate to seek civil penalties for any violations," the agency's commissioners wrote jointly.