Facebook, FTC reach settlement over privacy violations

Today, Facebook reached a settlement agreement with the Federal Trade Commission regarding the social network's policy on changing privacy controls and informing users of those changes.

Under the terms of the settlement Facebook must obtain approval from users before making changes to the way their personal data is shared on the network. For the next 20 years, Facebook must also submit to scheduled checkups by "independent, third-party auditors" to ensure that the company's privacy policies and practices do not violate users' rights.

"Facebook is obligated to keep the promises about privacy that it makes to its hundreds of millions of users," said FTC Chairman Jon Leibowitz, according to a release published by the agency. "Facebook's innovation does not have to come at the expense of consumer privacy. The FTC action will ensure it will not."

More at the Huffington Post.

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