News Contact Us

Canadian Competition Bureau fines Facebook $9 million for false claims

Author : Pankaj Singh | Published Date : 2020-05-22 

Social media giant, Facebook Inc., has been witnessing a never-ending deluge of privacy and security related scandals over the past few years. Recently, the company made headlines when Canada’s Competition Bureau has fined the social media giant USD 9 million for making misleading or false claims regarding the privacy of Canadians’ personal information on Messenger and Facebook.

According to sources, Facebook has also been ordered to pay an extra USD 500,000 for the agency’s investigation costs. This fine is part of the settlement agreement Facebook reached with the Calif.-based Company, Menlo Park.

Under this agreement, Facebook agreed to not make misleading or false representations about the disclosure of private and personal information. The agreement, which binding on Facebook for ten years, includes representations about the extent to which Facebook users can control access to their private information on Messenger and Facebook.

Facebook has six months to come in accordance with Canadian law. The company gets revenue from targeting Facebook users with advertising based on the information they provide.

The Canadian competition bureau concluded after investigating Facebook’s practices between Aug. 2012 and Jun. 2018.

Commenting on the matter, Matthew Boswell, Commissioner of Competition said that Canadian people deserve and expect truth from businesses in the digital economy and claims regarding privacy policies are no exception.

Mr. Boswell added that the Canadian Competition Bureau would not hesitate to crack down on any digital business that makes misleading and false claims to Canadian people regarding how they use their personal data, be it smaller or multinational companies like Facebook.

The Facebook spokesperson said the e-mail statement that the company would build on the improvements it has made in safeguarding people's information and how it communicates about the privacy controls Canadian people can use.

Source Credit - https://www.squamishchief.com/facebook-fined-9-million-for-misleading-users-1.24138375

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Over 1 bn Android devices at risk of becoming spying tools for hackers

Published Date: 2020-08-11         Author: Pankaj Singh

A team of security researchers has reportedly announced that more than one billion Android phones are under the threat of becoming spying tools for hackers. Around 400 vulnerabilities have been detected in Qualcomm’s Snapdragon chips, that are used as staples in smartphone devices. The vulnera... Read More

Tech giant Apple files legal suit against meal app's pear logo

Published Date: 2020-08-10         Author: Pankaj Singh

Apple is trying to deny Prepears application for trademark registration. Apple has also targeted other companies having similar logos. It sent the patent office in Norway an objection letter in 2019, stating that the Fremskrittspartiet political party had a logo similar to its own.   ... Read More

Alaska Airlines mandates ‘no mask no travel’ policy for passengers

Published Date: 2020-08-07         Author: Pankaj Singh

Alaska Airlines, a Washington-based airline major, has recently announced that passengers over the age 2 years would be required to compulsorily wear face covering or cloth mask over their mouth and nose as a safeguard against the contagious COVID-19 disease. Reportedly, passenger that do not adh... Read More

© 2020 Fractovia. All Rights Reserved