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Comment: Twitter faces significant new US regulatory peril following whistleblower's privacy, data security allegations

By Mike Swift ( August 23, 2022, 22:37 GMT | Comment) -- Twitter faces significant regulatory peril after its former chief security officer asserted in a whistleblower complaint that the social media company thumbed its nose at complying with a 2011 privacy settlement with the US Federal Trade Commission for more than a decade. Given the current financial exposure of up to to $46,517 per violation per day for violating the terms of an FTC consent decree, Twitter could be looking at a theoretical financial exposure of nearly $200 million if the FTC were to find even a single violation of the 2011 settlement.Twitter, which just paid $150 million to settle US Federal Trade Commission allegations it violated an earlier privacy settlement, faces a new and potentially even greater round of regulatory peril after its former chief security officer asserted the company thumbed its nose at complying with the original FTC settlement for a decade....

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