Friday, October 26, 2018

Facebook fined 0.001% of its 2017 revenue for Cambridge Analytica scandal


One of 2018’s biggest revelations was that Facebook completely failed its users when it allowed Cambridge Analytica to access personal data without their consent. For this massive privacy breach, Facebook has been fined a whopping… £500,000? The measly fine — which amounts to around €565,000 or $645,000 — was issued by the UK Information Commissioner‘s Office today and cements the initial ruling in July, the Guardian reports. It doesn’t take a genius to work out that the fine is pocket change for the social media giant. The company surpassed €35 billion in revenue in 2017, which would make today’s fine…

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from The Next Web https://ift.tt/2ORDoUV

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