Snapchat settles with the FTC over privacy concerns

[iMore.com]

Snapchat has agreed to settle with the FTC over claims that the company deceived consumers over the data it collected and also the security measures taken to prevent unauthorized disclosure. Snapchat's failure to secure its Find Friends feature resulted in a breach that allowed hackers to steal 4.6 million usernames and phone numbers.
In addition, the claims state that Snapchat misrepresented its data collection practices, that they deceptively told their users that the sender would be notified if a recipient took a screenshot of a snap, and that Snapchat stored video snaps unencrypted on the recipient's device.

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