FTC confirms Facebook data security investigation

Last week, reports surfaced that the FTC was opening an investigation into Facebook regarding Cambridge Analytica's use of its data. The agency has now confirmed that it is indeed investigating the social media giant. "The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook," the FTC said in a statement. "Today, the FTC is confirming that it has an open non-public investigation into these practices." Just over a week ago, a number of reports detailed how Cambridge Analytica obtained Facebook profile information on over 50 million Facebook users through a researcher that collected the data with an app.