For the next 20 years - or until Mark Zuckerberg turns 48 and Larry Page is nearly 60 - Facebook, Google and MySpace must open their doors to auditors looking for privacy missteps. What kind of data are the companies collecting about their users? Are they living up to their privacy policies?
The stakes aren't low: Significant failures could mean fines, further scrutiny and public embarrasment.
Source: San Francisco Chronicle. Read full article. (link)