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Facebook: FTC Pact Means ‘Shift’ In Privacy Approach

PYMNTS

For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. The fine and the new corporate actions cap an FTC investigation into Facebooks’ alleged violation of a 2012 consent decree, where the company had pledged it would be transparent in how it used data.

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Facebook: FTC Pact Means ‘Shift’ In Privacy Approach

PYMNTS

. For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. The fine and the new corporate actions cap an FTC investigation into Facebooks’ alleged violation of a 2012 consent decree, where the company had pledged it would be transparent in how it used data.

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Deep Dive: GDRP And The EU’s New Rules Of Data Handling

PYMNTS

The social media platform has admitted the incident may have impacted as many as 87 million users. The guidelines were equally prompted by rapid social media growth, globalization and technology penetration, all of which have made it easier for personal information to be accessed or exchanged.

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Actiance Now Supports Compliance for Instagram

Fintech Labs Insights

Now that Instagram has launched separate profiles for businesses, social network compliance company Actiance has stepped in to help banks engage in their own Instagram account in a compliant way. ” Actiance helps banks and financial institutions manage, secure, and ensure compliance across applications and social media platforms.

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Zuckerberg Emails Could Link CEO To Privacy Issues

PYMNTS

Facebook has been functioning under a consent decree it agreed to with the FCC in 2012, after a scandal with Cambridge Analytica regarding data privacy. The emails, if they become public, could potentially harm Facebook, especially in the public relations department.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

The event’s level of growth and sophistication since its inaugural event in 2012 is truly impressive. My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. Megatrend #2 – Secure and Compliant is a Non-Negotiable. Facebook posts, text messages, tweets, etc.,

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Actiance Brings on Naresh Bansal as New CFO

Fintech Labs Insights

Communications compliance and analytics company Actiance has appointed Naresh Bansal as its new chief financial officer. Bansal most recently served as VP of Finance for Zscaler, a cloud-based security company. At FinovateFall 2012 Actiance debuted Socialite , a tool that helps banks stay compliant while using social media.