Nov 102011
 
 November 10, 2011  Posted by  Breaches, Business

Julia Angwin, Shayndi Raice, and Spencer E. Ante report:

Facebook Inc. is finalizing a proposed settlement with the Federal Trade Commission over charges that it engaged in deceptive behavior when changing its privacy settings, according to people familiar with the situation.

The proposed settlement – which is awaiting final approval from the agency commissioners – would require Facebook to obtain “express affirmative consent” if Facebook makes “material retroactive changes,” some of the people said.

The agreement would require Facebook to submit to independent privacy audits for 20 years, the people said. Google Inc. agreed to similar audits in March, when it settled FTC charges of falsely representing how it would use personal information.

Read more on Wall Street Journal.  Alicia Eler of ReadWriteWeb also covers the story but suggests that the settlement is actually finalized.

If Facebook leaked this, is it because they want to get the word out before the FTC releases its own statement that could sound more critical? Are they just trying to get out in front of this?

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