Facebook reaches privacy agreement with Federal Trade Commission after US$5bn fine

Following on from a US$5bn fine, Facebook has announced an agreement with the Federal Trade Commission (FTC) which will see it provide a new framework for privacy protection in the wake of the Cambridge Analytica data scandal.

The new agreement will require the social media platform to completely change the way it works and put more responsibility on the people building new products. A privacy review of every new product or service will be required, which must be submitted to a third-party assessor every quarter.

Facebook’s new privacy framework (Click to enlarge)