Facebook will pay $550 million to settle a class-action lawsuit in Illinois surrounding its alleged violations using facial recognition technology

Reuters

• Facebook has agreed to pay $500 million to settle a class-action lawsuit that claimed it illegally collected and stored facial recognition data
• The case was filed back in 2015, when Illinois users accused Facebook of violating a state privacy act in collecting biometric data
• Aside from the cash payment, the terms of the settlement require Facebook obtain full consent from Illinois users before collecting any biometric data. 
• The terms of the settlement still need to be approved by the district court. 
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Facebook said on Wednesday it reached a $550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.

The settlement is the largest payment from a company to settle privacy complaints, a press release from the law firms Edelson, Robbins Geller, and Labaton Sucharow noted. The settlement also requires Facebook to obtain full consent from Illinois users before collecting any biometric data. 

See the rest of the story at Business Insider

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