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Daily Dashboard | Social Network Settles FTC Charges Related reading: On the pitfalls of reputation economics

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In the first Federal Trade Commission (FTC) case of its kind against a social networking service, Twitter has agreed to settle charges it "deceived consumers and put their privacy at risk by failing to safeguard their personal information" during breaches that occurred in 2009, according to an FTC release on the case. The Washington Post reports that Twitter will set up a new security program to be assessed by and will be prohibited from what the FTC described as "misleading consumers about the extent to which it maintains and protects the security, privacy and confidentiality of nonpublic consumer information." In a statement, Twitter General Counsel Alexander Macgillivray noted, "Even before the agreement, we'd implemented many of the FTC's suggestions and the agreement formalizes our commitment to those security practices." (Registration may be required to access this story.)
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