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FTC’s $5 billion penalty for Facebook security lapses includes new health privacy restrictions

Facebook will pay a record $5 billion penalty and face new restrictions on its business operations as part of a settlement with the Federal Trade Commission (FTC) over privacy violations. The penalty is the largest ever imposed for violating consumer privacy and the settlement requires Facebook to restructure its approach to privacy from the board-level down. The FTC alleges that Facebook used deceptive disclosures and settings to share users’ personal information without their knowledge. The settlement aims to hold the company accountable and ensure meaningful oversight of its privacy decisions.

Source: www.healthcareitnews.com –

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