Facebook receives $664,000 UK privacy fine, which could have been $1.9B under GDPR
Fb has received a £500,000 fantastic ($664,000) in the United Kingdom because of the Cambridge Analytica data-harvesting scandal. The fantastic was once imposed, in step with the Data Commissioner’s Place of job (ICO), as a result of Fb failed to correctly safeguard consumer knowledge from third-party exploitation or be clear about how private information was once doubtlessly getting used.
The revelations surrounding Cambridge Analytica and its mining of Fb information in enhance of Brexit and the Trump election marketing campaign got here in March of this yr. The fallout continues in Europe and the USA.
Approved beneath UK information coverage regulation, the £500,000 fantastic was once the utmost allowed given the timeline of occasions (2015-2016). On the other hand, had the occasions in query befell after Might 25 of this yr, when Europe’s Common Knowledge Coverage Law (GDPR) went into impact, the penalty can have been a lot more critical: as much as virtually $2 billion (four % of Fb’s annual revenues).
The ICO fantastic comes in the course of a broader investigation of knowledge harvesting and utilization via quite a lot of organizations in the United Kingdom. Fb itself continues to stand more than a few Eu investigations and lawsuits over privateness and information practices and may just doubtlessly see extra monetary consequences.
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