Facebook is open to putting in place stricter privacy standards to appease government oversight officials as the social media company recovers from several privacy scandals, according to a new report.
The Washington Post reported Friday about the possibility of a deal between Facebook at the Federal Trade Commission (FTC), which would coincide with a fine that could total several billion dollars for data privacy violations.
The agreement with the FTC, according to the Post, would involve Facebook being required to conduct a more thorough review of products and services before they are rolled out. Company officials would have to document their decisions and comments revolving around any potential privacy issues that could crop up.
Facebook would also have to better regulate third-party app developers. CEO Mark Zuckerberg and other top officials would conduct quarterly privacy reviews of Facebook's products and services.
Several privacy scandals have plagued Facebook in recent years, including one that exposed the personal data of 87 million users ahead of the 2016 election.
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