federal trade commission

Facebook to pay record $5 billion penalty over privacy breaches

The Federal Trade Commission announced a $5 billion settlement with Facebook on Wednesday, resolving a sweeping investigation by regulators into how the company lost control over massive troves of personal data and mishandled its communications with users. It is the largest fine in FTC history — and yet still only about a month's worth of revenue for Facebook.

Equifax will pay up to $700 million after data breach

Credit reporting agency Equifax has reached a deal to pay up to $700 million to state and federal regulators to settle probes stemming from a data breach that exposed the personal information of nearly 150 million people. It will be the largest settlement ever paid for a data breach.

DOJ edges toward Google antitrust probe

The Justice Department is laying the foundation for a potential antitrust investigation of Google, three people familiar with the matter say — zeroing in on one of the world's wealthiest and most powerful tech companies as policymakers around the globe are calling for tougher regulation of an increasingly embattled industry.