Facebook will make major privacy changes to the platform for its more than 2 billion users to comply with a new European Union's incoming data protection law, the social network's Chief Operating Officer Sheryl Sandberg said.
"We're rolling out a new privacy center globally that will put the core privacy settings for Facebook in one place and make it much easier for people to manage their data," Sandberg said at a Facebook event in Brussels on Tuesday.
The General Data Protection Regulation (GDPR) is a dictum which intends to strengthen and unify data protection for all individuals within the European Union.
The Companies who would breach the law could face a maximum penalty of 4 percent of global annual turnover or 20 million euros (S$32.3 million), whichever is greater.
"Our apps have long been focused on giving people transparency and control and this gives us a very good foundation to meet all the requirements of the GDPR and to spur us on to continue investing in products and in educational tools to protect privacy," Sandberg said.
This law would deeply affect industries who are collecting a large amount of customer data from technology companies, insurers, and banks.
Facebook has already come under scanner for using of customer data and tracking people's online activities.