Tuesday, January 26, 02:04
Home security Twitter faces $ 250 million fine

Twitter faces $ 250 million fine

A $ 250 million fine he risks paying the Twitter, for abuse of data of its users, who as they discovered their personal security information was used to create targeted ads.

Twitter

Such as Reported to the US Securities and Exchange Commission, the platform social networking revealed that she fears she will be severely punished by the Federal Trade Commission (FTC) for actions that took place between 2011 and 2019.

Twitter admits to "accidentally" receiving phone numbers and emails, which are provided for security reasons 2FA and used them to promote targeted ads.

In the filing, the company stated that it received a complaint from the FCA on July 28, for infringement a 2011 consent order issued by government, in order to prevent Twitter from misleading users about safety of his data.

 "The company estimates that the range of potential losses in this matter is $ 150 to $ 250 million and has recorded an accrued amount of $ 150 million," Twitter said.

"The issue remains unresolved and there can be no assurance as to the timing or conditions of any final outcome."

At the time the violation was revealed, Twitter said it was unable to determine how many users were affected.

Problems arose when phone numbers and email addresses were paired with third-party marketing listings provided by advertisers using the company's "custom audience" feature, which helps marketers target specific users.

Last July, the Facebook has been fined $ 5 billion by the FTC for a number of offenses, including one similar to that committed by Twitter. The news follows the news of a big Twitter hack that took place a few weeks ago, which affected accounts of famous users, such as Elon Musk, Jeff Bezos and Barack Obama.

LEAVE ANSWER

Please enter your comment!
Please enter your name here

Absent Mia
Absent Miahttps://www.secnews.gr
Being your self, in a world that constantly tries to change you, is your greatest achievement

LIVE NEWS

00:02:40

COVID-19 vaccines: Ways to protect supply chains

The development of vaccines for COVID-19 in such a short period of time has created many challenges and these are not only related to ...
00:02:17

How do insurance companies "enhance" ransomware attacks?

Ransomware attacks have increased significantly, with experts warning that their victims should not pay ransom to hackers ....

Russia: "US may be planning retaliation for SolarWinds hack"!

The Russian government warns the country's organizations about possible cyber attacks that the US may carry out, as "retaliation" for the hack ...

iPhone: How to see which apps have access to your contacts

Some iPhone privacy issues go deeper than accessing your contacts list, which exposes your contacts to ...

COVID-19: Google makes vaccination clinics available

Google CEO Sundar Pichai said Monday that the company will make its facilities available to become clinics ...

Netflix offers "studio quality" audio upgrade on Android

Do not be surprised if Netflix sounds better the next time you run a marathon with rows on your Android phone ...

Will Bitcoin return to $ 40.000? There is concern!

Bitcoin lovers who take his return above the level of $ 40.000 for granted have been worried because the demand ...

Avaddon ransomware: Its operators threaten with DDoS attacks to get ransom!

Lately, more and more ransomware gangs tend to threaten their targets with DDoS attacks in order to secure profits ....

Volunteer firefighters will be trained through VR simulation

Volunteer firefighters in the Australian state of Victoria will soon have access to the virtual reality (VR) training that will be available in ...

Tesla: Accuses its former employee of stealing her confidential data!

On January 23, Tesla sued former employee Alex Khatilov for stealing 26.000 confidential documents, including trade secrets. The software ...