For a few weeks now, rumors have circled Washington that the U.S. Federal Trade Commission is negotiating a potentially record-breaking fine of Facebook for alleged privacy violations. Media reports have placed a potential fine in the $3 billion to $5 billion mark, and just this week, new reports state negotiations also include a slew of new privacy positions as part of the FTC settlement. With that as a backdrop, FTC Chairman Joe Simons joined IAPP Chief Knowledge Officer Omer Tene for an in-depth conversation at the IAPP Global Privacy Summit in Washington to discuss FTC enforcement priorities. The immediate takeaway? Though not specifically commenting on any one case or company, Simons suggested record fines are on their way, IAPP Editorial Director Jedidiah Bracy, CIPP, reports in The Privacy Advisor.
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