Microsoft can collect from children going forward,” said Andrew Smith, director of the FTC’s Bureau of Consumer Protection.
Under the settlement, Microsoft will pay a $20 million civil penalty, which is the largest ever obtained by the FTC in a children’s privacy case. The settlement also requires Microsoft to implement a comprehensive privacy program, including designating an employee responsible for the program and obtaining biennial assessments from a third-party auditor.
In a statement, Microsoft said it has “long been committed to offering tools that help parents ensure that their children are enjoying technology in an age-appropriate manner, and today’s announcement is another important step in meeting that commitment.”
Overall, the $20 million penalty and new privacy program serve as a reminder to companies of the importance of complying with children’s privacy regulations and obtaining parental consent before collecting or using children’s personal information. It also highlights the responsibility companies have to ensure that their privacy policies accurately reflect their data collection practices.Original Article: https://thehackernews.com/2023/06/microsoft-to-pay-20-million-penalty-for.html