World News

Facebook facing record £500000 fine over Cambridge Analytica scandal

Facebook facing record £500000 fine over Cambridge Analytica scandal

The Information Commissioner has slapped a half million pound fine on Facebook for failing to safeguard its users' data. However, because the abuse took place before the introduction of the EU's new General Data Protection Regulation, which allows fines of up to 4% of global annual revenues, the ICO is only able to fine Facebook £500,000 ($663,610, ) which is the limit under older British data protection law.

The ICO launched an investigation in March into Cambridge Analytica, the UK-based political data analysis firm at the heart of a scandal that's stirred up two national governments and the world's largest social network.

In May, the European Union launched stricter data protection laws allowing regulators to fine companies up to €20 million or 4 percent of their annual global turnover.

In the words of the United Kingdom data regulator, Facebook "failed to be transparent about how people's data was harvested by others".

Just think how much more compelling and mind bending Facebook micro-targeting ads could have been if viewers were taken to augmented worlds.

'We are at a crossroads.

"We are fully cooperating with the investigation now under way by the Australian Privacy Commissioner and will review any additional evidence that is made available when the UK Office of the Information Commissioner releases their report", the spokeswoman said.

More news: Hamilton points finger at Ferrari's 'interesting tactics'

However, it remains a mere drop in the ocean for the Zuckerborg, which reported a net income of $5bn in its latest quarter, making that £500,000 about 18 minutes of quarterly profit.

UK Information Commissioner Elizabeth Denham has provided an update on the investigation into the use of data analytics by political campaigns. A group of industry executives met with France's President Emmanuel Macron to discuss how to use technology to improve people's lives. "It also found that the company failed to be transparent about how people's data was harvested by others".

Other regulatory action set out in the report includes warning letters to 11 political parties and notices compelling them to agree to audits of their data protection practices.

Facebook is facing by the UK's privacy watchdog for allowing Cambridge Analytica to improperly access key personal data on millions of its users. "Trust and confidence in the integrity of our democratic processes risk being disrupted because the average voter has little idea of what is going on behind the scenes", Denham said.

Facebook COO Sheryl Sandberg's total compensation was worth $25.2 million in 2017-including $21.1 million in Facebook stock and the $2.7 million spent on personal security.

Fair Vote's director, Kyle Taylor, told Business Insider that he was anxious that Facebook wouldn't face a sufficiently large penalty.

However, the commissioner is yet to make a final decision and Facebook is reviewing the report before releasing an official response about the judgement and fine.


  • Tusk's European Union  riposte to Trump: Respect the allies you have

    Tusk's European Union riposte to Trump: Respect the allies you have

    In fact, Putin went as far as telling the President that the 'deep state" is conspiring against them both. The U.S.is spending many times more than any other country in order to protect them.
    Hazard: Playing for Real Madrid is everyone's dream

    Hazard: Playing for Real Madrid is everyone's dream

    I haven't spoken to Cristiano about this, but my advice is, if he wants to play to 2050, he has to go to Juve. Ronaldo won four Champions Leagues at Real but had a turbulent relationship with president Florentino Perez.
    Here's what Susan Collins said about Trump's Supreme Court pick

    Here's what Susan Collins said about Trump's Supreme Court pick

    Kavanaugh was a frequent opponent of President Barack Obama's EPA and sought to limit or throw out many environmental regulations. In the case decided Monday that had to do with attorneys' fees, there would be no majority if Kavanaugh were to withdraw.
  • After quitting, Boris Johnson says Brexit 'dream is dying'

    After quitting, Boris Johnson says Brexit 'dream is dying'

    With 316 Conservative MPs in the House of Commons , Sir Graham must receive 48 letters to call a ballot. Asked whether May would contest a no-confidence vote, a Downing Street source said simply: "Yes".
    Teaneck community mourns 5 family members killed in crash

    Teaneck community mourns 5 family members killed in crash

    Their bodies in the morgue are unrecognizable, ' he said. "They didn't get to grow up and experience life as an adult". The girls' mother suffered serious injuries in the crash but is expected to survive, police said.
    Incredible operation in pictures: All 12 boys, coach rescued from Thailand cave

    Incredible operation in pictures: All 12 boys, coach rescued from Thailand cave

    The four boys rescued first are "well, they're up and about", Sky News' southeast Asia correspondent, Siobhan Robbins, said. Manchester United is greatly relieved to learn that the 12 footballers and their coach trapped in a cave in Thailand are.
  • Jeremy Hunt replaces Boris Johnson as foreign secretary

    Jeremy Hunt replaces Boris Johnson as foreign secretary

    This means a decision could well be delayed in light of the turmoil within the Conservative government. Brexit minister Steve Baker and unpaid parliamentary aides Conor Burns and Chris Green also resigned.
    George Clooney

    George Clooney "fine" after motorbike crash in Italy

    Here is what Clooney's representative had to say on the matter. " George Clooney fell and slammed the windshield of the Mercedes". George and Amal Clooney just donated $100,000 to help migrant children separated from their parents.
    Carmelo Anthony Granted Permission To Meet With Rockets, Heat

    Carmelo Anthony Granted Permission To Meet With Rockets, Heat

    Ariza joined the Phoenix Suns on a one-year, $15 million deal earlier this month, more than double the salary he made last season. Worryingly, his presence on the court saw the Thunder's team plus/minus rating slide to negative 14.3 during the playoffs.
  • Blaise Matuidi returns for France, Belgium draft in Mousa Dembele

    Blaise Matuidi returns for France, Belgium draft in Mousa Dembele

    France have the personnel to take this game wide open, especially with Belgium being sloppy on the defensive end at times . If you don't have cable, you can still watch the World Cup for free with a digital antenna , which costs around $30.
    Microsoft announces new, more affordable Surface Go tablet-PC

    Microsoft announces new, more affordable Surface Go tablet-PC

    And although details have been slim, the reports had suggested that the company's pricing would start at around $399 . Make no mistake, Microsoft's Surface business in total is still a fraction of Apple's enormous hardware revenues.
    Netflix launches Smart Downloads

    Netflix launches Smart Downloads

    Users can have multiple episodes of a TV series downloaded at once, but they typically don't download entire seasons. Called " smart downloads ", the tool is meant to help users manage the Netflix content on their devices.