From a Post by Facebook’s Chief Privacy Officer:
As part of Data Privacy Day, we’re introducing a new education campaign to help you understand how data is used on Facebook and how you can manage your own data. We’re also announcing plans to make your core privacy settings easier to find, and sharing our privacy principles for the first time. These principles guide our work at Facebook.
Facebook’s Privacy Principles
Facebook was built to bring people closer together. We help you connect with friends and family, discover local events and find groups to join. We recognize that people use Facebook to connect, but not everyone wants to share everything with everyone – including with us. It’s important that you have choices when it comes to how your data is used. These are the principles that guide how we approach privacy at Facebook.
We give you control of your privacy
You should be able to make the privacy choices that are right for you. We want to make sure you know where your privacy controls are and how to adjust them. For example, our audience selector tool lets you decide who you share with for every post. We develop controls based on feedback from around the world.
We help people understand how their data is used
While our Data Policy describes our practices in detail, we go beyond this to give you even more information. For example, we include education and tools in people’s day-to-day use of Facebook – like ad controls in the top right corner of every ad.
We design privacy into our products from the outset
We design privacy into Facebook products with guidance from experts in areas like data protection and privacy law, security, interface design, engineering, product management, and public policy. Our privacy team works to build these diverse perspectives into every stage of product development.
We work hard to keep your information secure
We work around the clock to help protect people’s accounts, and we build security into every Facebook product. Our security systems run millions of times per second to help catch threats automatically and remove them before they ever reach you. You can also use our security tools like two-factor authentication to help keep your account even more secure.
You own and can delete your information
You own the information you share on Facebook. This means you decide what you share and who you share it with on Facebook, and you can change your mind. That’s why we give you tools for deleting anything you’ve posted. We remove it from your timeline and from our servers. You can also delete your account whenever you want.
Improvement is constant
We’re constantly working to develop new controls and design them in ways that explain things to people clearly. We invest in research and work with experts beyond Facebook including designers, developers, privacy professionals and regulators.
We are accountable
In addition to comprehensive privacy reviews, we put products through rigorous data security testing. We also meet with regulators, legislators and privacy experts around the world to get input on our data practices and policies.
Read the Complete Blog Post
Direct to Facebook Privacy Principles Webpage