Why Mark Zuckerberg Could face ‘a prison term’
By MYBRANDBOOK
Mark Zuckerberg has repeatedly lied to the American people about privacy," said Senator Ron Wyden to Portland's Willamette Weekly newspaper.
I think he ought to be held personally accountable, which is everything from financial fines to -- and let me underline this -- the possibility of a prison term, should be considered.
"He hurt a lot of people," added Mr Wyden who introduced a bill in 2018 that would give the US Federal Trade Commission powers to punish firms that violate consumers' data privacy, MarketWatch reported on Tuesday.
"In financial services, if the CEO and the executives lie about the financials, they can be held personally accountable," Mr Wyden added.
Facebook was fined $5 billion by the FTC and $100 million by the SEC. Facebook came under fire for exposing private data on 87 million Facebook users to Cambridge Analytica without user permission.
An editor’s note from Willamette Week cited a professor from the University of Oregon, Tim Gleason, who said “the likelihood of criminal action is rather slim.” Zuckerberg has dodged shareholder questions about whether he would be willing to step down as Facebook CEO or chairman.
Senator Wyden introduced a bill in 2018, the Consumer Data Protection Act, that would give the FTC power to crack down harder on companies who violate consumer privacy. The bill says executives could face up to 20 years in prison and up to a $5 million personal fine.
The SEC also announced that Facebook will pay a $100 million fine for misleading investors about the risks it faced from the misuse of user data. “For more than two years, Facebook’s public disclosures presented the risk of misuse of user data as merely hypothetical when Facebook knew that a third-party developer had actually misused Facebook user data,” the SEC said in July.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
Icons Of India : Anil Kumar Lahoti
Anil Kumar Lahoti, Chairman, Telecom Regulatory Authority of India (TR...
ICONS OF INDIA : RAJIV MEMANI
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...
Indian Tech Talent Excelling The Tech World - Sundar Pichai, CEO- Alphabet Inc.
Sundar Pichai, the CEO of Google and its parent company Alphabet Inc.,...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...