💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Facebook's Zuckerberg: 'We have a responsibility to protect your data'

Published 03/21/2018, 03:41 PM
© Reuters.  Facebook's Zuckerberg: 'We have a responsibility to protect your data'
META
-
  • Zuckerberg speaks: "We have a responsibility to protect your data, and if we can't then we don't deserve to serve you."
  • In his first public response on the Cambridge Analytica situation, the Facebook (FB +0.5%) CEO writes "I've been working to understand exactly what happened and how to make sure this doesn't happen again. The good news is that the most important actions to prevent this from happening again today we have already taken years ago. But we also made mistakes, there's more to do, and we need to step up and do it."
  • He says that in 2015, the company learned from journalists at The Guardian that researcher Aleksandr Kogan had shared data from his personality-quiz app with Cambridge Analytica, and that the company immediately banned the app and demanded certification that the data was deleted, which Cambridge and Kogan provided.
  • "This was a breach of trust between Kogan, Cambridge Analytica and Facebook," he continues. "But it was also a breach of trust between Facebook and the people who share their data with us and expect us to protect it. We need to fix that."
  • He says the company will investigate "all apps that had access to large amounts of information before we changed our platform to dramatically reduce data access in 2014," and audit any suspicious app. It will also restrict developers' data access further, such as removing access if users haven't used an app in three months.
  • More changes are coming in the next few days, he writes.
  • CNN says Zuckerberg will face questions in an exclusive TV interview at 9 p.m. ET.
  • Updated 3:56 p.m.: COO Sheryl Sandberg shares Zuckerberg's post and adds "I deeply regret that we didn't do enough" to deal with a "major violation" of people's trust.


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.