Published: Thu, July 12, 2018
Worldwide | By Jermaine Blake

Watchdog urges record £500000 fine for Facebook over Cambridge Analytica data scandal

Watchdog urges record £500000 fine for Facebook over Cambridge Analytica data scandal

The EU in May launched strict new data-protection laws allowing regulators to fine companies up to €20 million (US$24 million) or four percent of annual global turnover. 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, ' says Information Commissioner Elizabeth Denham in support of the plan of action. It promised another update in October.

Erin Egan, Facebook's chief privacy officer, acknowledged in a statement Tuesday that Facebook "should have done more to investigate claims about Cambridge Analytica and take action in 2015". The office finds that Facebook lacked the privacy protections necessary to catch Cambridge Analytica before it was too late. The UK's information commissioner is also conducting its own investigation. Facebook is now facing inquiries by the U.S. Justice Department, the Securities and Exchange Commission and the Federal Trade Commission.

It said it was investigating both leave and remain campaigners in the referendum, and that it had issued an enforcement notice for AIQ, a data firm that worked for official Brexit campaign Vote Leave, to stop processing retained data from British citizens.

She said: "We are at a crossroads".

It is the first financial penalty Facebook's has faced since the data leak was revealed earlier this year. "Whilst these concerns about Facebook's advertising model exist generally in relation to its commercial use, they are heightened when these tools are used for political campaigning". The ICO is also probing another pro-Brexit campaign group, Vote Leave, for sending personal data on United Kingdom citizens to a Cambridge Analytica-like (and possible Cambridge Analytica-affiliated) company called AggregateIQ, which Facebook has kicked off its platform.

"My initial thinking was because the breach happened before GDPR there was no way that there would be a significant enough punishment for Facebook", Taylor said.

England fans make late dash to Russian Federation for World Cup semi-final
Mia Šetula, a Croatian student at Bournemouth University , admitted she will be cheering for England's opponents tonight. As we regroup, he turns to me and says, "Right that's enough, time to lift the tempo, let's get about them".

United States tariffs take effect, China retaliates
President Xi, the president of China, is taking a much longer view than Trump because China's presidency doesn't have term limits. Wansleben added that China also needed to change its positions in many areas, "but there's definitely more room for improvement".

'There are worries ahead': Experts react to Bank of Canada's rate hike
Yet, the Canadian dollar is lower, reflecting broad-based United States dollar strength and concerns about trade actions. It's expected to settle back down to 2% in the second half of 2019.

The watchdog is investigating whether data obtained from Facebook was misused by both the Leave and Remain campaigns during the European Union referendum, and in the 2016 USA presidential election.

And U.K. regulators pledged additional scrutiny of Facebook to come.

David Carroll, an academic who is attempting to recover his data from Cambridge Analytica, said the report strengthened his legal challenge. "We have been working closely with the ICO in their investigation of Cambridge Analytica, just as we have with authorities in the USA and other countries".

Finally, in a hugely optimistic bid, Denham has called for an "ethical pause" to allow lawmakers, regulators, political parties, online platforms and the public "to reflect on their responsibilities in the era of big data before there is a greater expansion in the use of new technologies".

It's not the first time, however, that Europe has penalized Facebook.

According to its last results, this means that Facebook could have been hit with a maximum fine of around £1.2bn.

Like this: