Nicholas Confessore reports:
An auditing firm responsible for monitoring Facebook for federal regulators told them last year that the company had sufficient privacy protections in place, even after the social media giant lost control of a huge trove of user data that was improperly obtained by the political consulting firm Cambridge Analytica.
The assertion, by PwC, came in a report submitted to the Federal Trade Commission in early 2017. The report, a redacted copy of which is available on the commission’s website, is one of several periodic reviews of Facebook’s compliance with a 2011 federal consent decree, which required Facebook to take wide-ranging steps to prevent the abuse of users’ information and to inform them how it was being shared with other companies.
Read more on NY Times.