FB fined $ 5 billion fine||AllBestNews||

The US Federal Trade Commission has imposed a $ 5-billion fine on Facebook for Facebook data leak. Apart from this, some guidelines have also been given to the company.

Facebook fined $ 5 billion (about 3.44 trillion). Concerned about the Cambridge Analytica data scandal, the Federal Trade Commission (FTC) has announced that Facebook will have to pay $ 5 billion for settlement of privacy breach and Cambridge Anilica Scandal.

The Federal Trade Commission has accused Facebook of violating the law. The FTC has made several allegations on Facebook. These charges include lying on Facebook on Facebook, compromising with privacy, and sending advertisements through the phone number provided by the user for security.

The Federal Trade Commission alleges that Facebook has also lied about facial recognition from the user and this was not a default off by the user. The FTC has not only made a fine on Facebook, but there are many things too.

The Federal Trade Commission has told Facebook that the company will review the privacy for each new product and service and the review will be given to the CEO and third party accessor every quarter.

It is being said that after the FTC order, Facebook will now need to know the purpose of third party developers, who use Facebook data, and certification will also be required.

What is the Federal Trade Commission (FTC)

It is an independent agency of the United States, which was created under the Federal Trade Commission Act. Roughly understand, the purpose of this agency is to protect the interest of the consumer. The FTC works to investigate the complaint made by the Consumer or the companies. These include fraud, misleading advertising.