Facebook's potential settlement with FTC will likely include WhatsApp

The emergence of corporations such as the East India Company which had its own army and navy also represented an existential threat in the 18th century

Other privacy-focused positions could also be added, including an FTC-approved privacy official who would monitor whether the company is complying with the FTC settlement and acting in the best interest of users, according to the Times.

The moves are being considered as part of a settlement between the social media giant and the Federal Trade Commission, who has been investigating Facebook since March 2018 for allowing Cambridge Analytica to access the personal data of almost 90 million Facebook users for political gain, according to Politico.

Facebook has told the US government it is willing to submit to greater oversight of its data-collection practices - from the launching of new services to the decisions of its top executives - to end a wide-ranging federal probe into a series of privacy abuses that came to light past year.

The FTC has questioned whether this case violated a 2011 agreement between the social media site and the FTC in which Facebook promised to safeguard user privacy.

Facebook announced last week it had set aside $3 billion in anticipation of a record-breaking fine as a result of the FTC probe.

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How effective that would be in stopping the same from happening again is hard to say - you'd assume, at least for the most part, that Facebook would have learned its lessons about user data sharing and wouldn't put such at risk of unauthorized access again.

Facebook declined to comment on reports of the possible deal.

As The Washington Post notes, negotiations between Facebook and the FTC are ongoing, and the settlement could change drastically before it's final.

"Despite its public awareness of a" major breach of confidence" in the Cambridge Analytica scandal, Facebook disputes the report's findings and won't execute recommendations, the commissioners stated. Future privacy mishaps could lead to even heftier fines. The order required Facebook to be more upfront with users about the data it collects, and what it does with it, while submitting to 20 years of regular privacy checkups by a third-party watchdog.

"A lot of people now are seeing this consent decree investigation as a fundamental test of the agency's usefulness", Miller said.

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