Facebook News Update 2014: Facebook announced that it will be updating its privacy policy effective January 1, 2015. According to Small Biz Trends website, the update features an introduction to Privacy Basic tool which is set to manage a user's privacy.

Reportedly, FB says it will "outline which followers and friends are permitted to see certain status updates and shares and which are not."

There are three sub-menus for the Privacy Basics which will walk users through a tutorial similar to the Facebook experience:

1. What Others See About You - Users will be taught how to restrict people from seeing their posts. They also learn how to delete posts, how to control who can and can't see their Friends list.

2. How Others Interact With You - This will guide users to know how to prevent themselves from getting tagged in photos and other posts, control who is allowed to "Like" or comment on a status or shared item and maybe how to "unfriend" someone.

3. What You See - Users will learn how to control the content in News Feeds and how to filter the ad content seen throughout the site.

Reportedly, the said tool is not designed to change the settings but it will be a tutorial on how users can manage their own privacy settings.

Just recently, a chain-letter-like message claiming to protect user's copyright of shared photos, status updates and other things on Facebook is making its rounds on the FB community.

According to Today, the copyright status update is a bogus and posting it in the user's wall won't protect the user's privacy.

Eric Goldman, co-director of the High Tech Law Institute at the Santa Clara University School of Law, told TODAY.com. that the said status update is "crap, total nonsense."

"People who are not experienced with clauses like this, it's possible to misread it, and we have seen this over and over again," Goldman said.

Facebook's privacy policy might be FB's promised way to enhance user privacy experiences.