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Investigates March 20, 2018 2 mins read

FTC Reportedly Investigating Facebook over Possible Misuse of Personal Data

Investigates ı By Marivic Cabural Summers

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Facebook bans ads for bitcoin, ICOs, cryptocurrencies

The Federal Trade Commission (FTC) is reportedly investigating Facebook for possible misuse of the personal information of 50 million users obtained by a data analytics firm.

According to Bloomberg, the U.S. regulator wants to determine whether Facebook violated a consent decree, which the tech company signed with the agency in 2011. People familiar with the matter said the FTC will be sending a letter to the social network giant.

This weekend, media outlets reported that Cambridge Analytica gained access to the personal data of 50 million Facebook users through a third-party app. The firm used the data to help President Donald Trump during the 2016 presidential election.

On Tuesday, spokeswoman for the FTC said the regulator is “aware of the issues that have been raised.” However, she did not comment on whether it is investigating the issue.

In addition, the FTC spokeswoman said, “We take any allegations of violations of our consent decrees very seriously…”

Facebook said it is expecting to receive a letter with questions from the FTC. It hasn’t received information regarding a formal investigation.

The company's deputy privacy officer, Rob Sherman recently said, “We respected the privacy settings that people had in place. Privacy and data protections are fundamental to every decision we make."

 Facebook hired digital forensic firm to investigate Cambridge Analytica

On Monday, Facebook hired digital forensics firm Stroz Friedberg to investigate Cambridge Analytica’s claim that it already destroyed the data.

The data analytics firm agreed to comply and provide Stroz Friedberg complete access to its servers and system.

Facebook also asked Cambridge Analytica’s co-founder Christopher Wylie and data scientist Aleksandr Kogan to submit to a comprehensive audit. Wylie declined while Kogan agreed.

“We are moving aggressively to determine the accuracy of these claims. We remain committed to vigorously enforcing our policies to protect people’s information,” according to the social network giant.

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Marivic Cabural Summers

Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.

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