Facebook audit cleared social network despite Cambridge Analytica [CBS News]
Meta Platforms, Inc. - Class A (FB)
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Source: CBS News
Last Updated Apr 20, 2018 1:47 PM EDT NEW YORK — An audit of Facebook's privacy practices between 2015 and 2017 found no problems — even though the company knew during that time that Cambridge Analytica improperly obtained private data from millions of users. The audit by PricewaterhouseCoopers is posted on the FTC's website, though it is heavily redacted. The audit was conducted for the Federal Trade Commission, after the agency and Facebook reached a settlement over its privacy practices. As part of the settlement, agreed to in 2011, Facebook would undergo outside audits every two years. The report covers February 12, 2015, to February 11, 2017. In December 2015, Facebook executives became aware that Cambridge Analytica misappropriated information, CEO Mark Zuckerberg has testified . Facebook did not inform the affected users at the time, and it is not clear from the report whether the company informed PwC of the issue. PwC essentially said that Fac
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