FTC and Facebook settle privacy dispute, skip the fine

Well, Mark Zuckerberg is finally trying to make things right after admitting to a "bunch of mistakes" when dealing with user privacy on his juggernaut of a social network. The FTC and Facebook had agreed to settle the dispute in November, and now the final details of the deal have been ironed out. Noticeably missing from the list of concessions is cash. The government isn't asking Facebook to cough up any dough as part of the settlement -- avoiding the sort of hefty fine that Google recently found itself on the wrong end of. The company will, however, have drastically revamp how it handles user data and subject itself to privacy audits every two years for 20 years. Customers will now be provided with "clear and prominent" warnings any time information is shared. And, before anything can be shared, users must give express consent to for that information to be distributed. Ideally, these measures would have been in place on day one, but we'll take what we can get at this point. For more details, check out the FTC's press release after the break.

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FTC and Facebook settle privacy dispute, skip the fine originally appeared on Engadget on Fri, 10 Aug 2012 12:36:00 EDT. Please see our terms for use of feeds.