Saturday, 21 April, 2018

Facebook faces billions in damages over biometric data harvesting

Find 'settings' easily with Facebook bookmarks menu facelift Facebook comes under attack for tracking internet users who don't have a Facebook account
Russell Knight | 17 April, 2018, 15:30

Most of my friends and family don't live in the same city or country as me, so Facebook is a great way to keep in touch.

The hearings generated much heat but little light, as was predicted by Zeynep Tufekci, a professor at the University of North Carolina and one of the keenest observers of Facebook and our evolving digital landscape.

The challenge now is what to do about it.

Mark Zuckerberg proudly trotted out a number when he was being questioned last week by Congress: His company, Facebook, would soon double the security team that monitors content on the site, to 20,000. Not if we are our own captors.

Zuckerberg made it clear in his Capitol Hill testimony that "there will always be a version of Facebook that is free".

A Facebook spokesperson declined to comment on the reason for the significant increase in Zuckerberg's security-related expenses for 2017, saying in a statement that "Facebook's board of directors believes that this investment in Mark's personal security is entirely justified". These restrictions will severely limit what data can be collected as well as how long it can be retained.

"Because of the high visibility of our company, our compensation & governance committee has authorized an "overall security program" for Mr. Zuckerberg to address safety concerns due to specific threats to his safety arising directly as a result of his position as our founder, Chairman, and CEO", the filing said, according to the New York Post.

Saudi forces shoot down another Houthi missile
Saudi-led coalition state they prevented about 119 ballistic missiles targeting Saudi Arabia from reaching their destination. Saudi Arabia is leading a mostly Arab military coalition to fight Iran-backed Houthi rebels in Yemen since March 2015.

Stock Buzz- Wells Fargo & Company
Tiverton Asset Management Ltd Liability Co holds 0.25% of its portfolio in JPMorgan Chase & Co. (NYSE:MET) for 21,659 shares. Mark Sheptoff Financial Planning Limited Liability Corp owns 6,240 shares or 0.25% of their U.S. portfolio. (NYSE:JPM).

Kauai Mayor Issues Proclamation of Emergency As Heavy Flooding Slams North Shore
Kuhio highway, near the Hanalei Bridge is still closed until until the bridge can be inspected and deemed safe. Both Kauai and Honolulu firefighters, along with the Coast Guard, have been dispatched for rescue operations.

When asked if he would support the Consumer Data Protection Act, introduced in the Senate in December 2017 by Senator Robert Menendez (D-N.J.), or the "BROWSER" Act, introduced in the House in May 2017 by Representative Marsha Blackburn (R-TN), Zuckerberg was non-committal.

For one, it would make the state partially responsible for numerous company's problems - meting out "fairness", writing its user agreements and policing speech - but more importantly for Zuckerberg, it would add regulatory costs that Facebook could afford but upstart competition nearly certainly could not. These companies - and many others - also offer advertising services. I agree, though, that the company is different even from rival miners of user data, such as Google.

The St. Petersburg-based #Internet Research Agency has been accused of cyber meddling in the 2016 presidential election [VIDEO] and numbers have surfaced that supposed as many as 146 million Facebook users have received information from them. Google provides discrete services (search, email, maps, etc.) in exchange for exploiting what it learns from its users' behavior to better target ads. The idea is that Facebook users would pay a subscription fee to opt out of targeted adverts.

In the end, many in Congress expressed concern that users may not fully understand what data is collected, stored and at risk.

Because there was no agreed upon definition for what "data" includes, the accuracy of Facebook's assertion that its users now have complete control over their data greatly depends on how one defines "data".

Most of this isn't new information, but it's part of Facebook's initiative to be more transparent with the government and its users about how the data it collects is shared.

The blog post states that it is not just Facebook that collects such data. He said Snapchat, which is "not just a young people's thing", and Facebook's Instagram, which has avoided the privacy controversy, also has potential to become bigger in the future.

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