NEWS ALERTS - Breaking News Alerts from IDT911

Facebook Says More Privacy Concerns Loom

Recent filing puts company under greater microscope

Thursday, February 02, 2012
Facebook Says More Privacy Concerns LoomFacebook, the world's most popular social network with hundreds of millions of members, recently filed for an initial public stock offering, but in doing so warned that there could be more privacy trouble in the future.

The social network has often come under the scrutiny of federal lawmakers and other agencies as a result of its often controversial privacy practices, and it cautioned that in becoming a publicly traded company, it would face even more scrutiny, according to a report from the Washington Post. Already, it has reached a number of settlements with agencies like the Federal Trade Commission with regard to the way it protects its users' personal information. And with this move, it's unlikely that those will simply go away overnight.

"We expect to continue to be subject to such proceedings in the future," Facebook said in the filing documents, according to the newspaper.

Eduard Goodman, the chief privacy officer for Identity Theft 911, has a blog on which he writes about the various ways consumers can protect their sensitive data even when using social networks.

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