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Page 18 - பயோமெட்ரிக் தகவல் ப்ரைவஸீ நாடகம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Facebook will pay $650 million to settle class action suit centered on Illinois privacy law – TechCrunch

Facebook was ordered to pay $650 million Friday for running afoul of an Illinois law designed to protect the state’s residents from invasive privacy practices. That law, the Biometric Information Privacy Act (BIPA), is a powerful state measure that’s tripped up tech companies in recent years. The suit against Facebook was first filed in 2015, alleging […]

Financial Daily Dose 3 1 2021 | Top Story: Walmart Poaches Goldman Bankers in Bid to Bolster Fintech Venture | Robins Kaplan LLP

To embed, copy and paste the code into your website or blog: Walmart’s recent move to hire away a “pair of senior Goldman Sachs bankers” to head up the retailer’s new fintech startup (a collaboration with Ribbit Capital) has tongues wagging about the company’s ambitions to shove its way into the banking business and “intertwine itself in the financial lives of its customers” - Bloomberg and WSJ Now that Adam Neumann’s squared away [shares purchased, lawsuit settled], SoftBank’s path forward to taking WeWork public is a whole lot clearer - NYTimes and Bloomberg and Law360

Facebook Photo-tagging Lawsuit Settled for $650m - Infosecurity Magazine

Facebook is to pay $650m to users in Illinois who accused the company of using their biometric data without first obtaining their consent.  Nearly 1.6 million users in the Prairie State joined a class-action lawsuit filed against Facebook in April 2015 in Cook County Circuit Court on behalf of plaintiff Carlo Licata.  The lawsuit alleged that the social media giant had violated an Illinois privacy law by using facial-recognition technology to scan photos uploaded by users and by digitally storing data regarding individuals faces without users permission. In Illinois, the Biometric Information Privacy Act allows consumers to sue companies that harvest data such as faces and fingerprints or identify users without first obtaining permission. 

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