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FTC Privacy Settlement Over Cambridge Analytica Could Cost Facebook Billions

Facebook Inc. is in talks with U.S. regulators over alleged privacy violations that could force the social-media giant to pay billions of dollars in a record-breaking settlement, according to two people familiar with the matter. The U.S. Federal Trade Commission’s …

Emails Released in U.K. Probe Show How Facebook Wielded Users’ Data

Facebook Inc. wielded user data like a bargaining chip, providing access when that sharing might encourage people to spend more time on the social network — and imposing strict limits on partners in cases where it saw a potential competitive …

What Comes Next in Facebook’s Major Data Breach

For users, Facebook’s revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, …

U.S. Seeks More Cooperation with Private Sector to Fight Cyber Attacks

The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging threats. Homeland Security Secretary Kirstjen Nielsen unveiled …

India Weighs Comprehensive Data Privacy Bill, Similar to EU’s GDPR

A draft of a sweeping data privacy bill has been submitted to India’s government that, if enacted, will restrict the transfer and storage of information on more than 1 billion people by global technology corporations from Facebook Inc. to Google. …

German Heirs Can Access Deceased Relatives’ Facebook Accounts: Court

Heirs in Germany have the right to access the Facebook accounts of their deceased relatives, a court said in a landmark privacy ruling on Thursday, saying a social media account can be inherited in the same way as letters. The …

UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big …

Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations

Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the U.K.’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that helped get President Donald Trump …

Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches

Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing of users’ data with political consultancy Cambridge Analytica. The world’s largest social network said in April that data of up …

California’s Data Privacy Law a Concern, Opportunity for Insurance Industry

California is on track to have what will be the nation’s most far-reaching law to give consumers more control over their personal data. The new law may be both a big concern, as well as a new and important opportunity, …