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Facebook to Be Fined $5 Billion in Cambridge Analytica Privacy Scandal
The U.S. Federal Trade Commission has voted to approve a settlement with Facebook that will see the social media giant hit with a roughly $5 billion fine over the Cambridge Analytica privacy scandal, reports The Wall Street Journal.
The data collection came through an app called "This Is Your Digital Life," which requested that Facebook users complete a survey for academic use. In reality, the app's permissions allowed it to collect personal information on not just the Facebook users who took the survey but also their friends.
Facebook revamped its privacy practices in the wake of the scandal, but the company still faced investigations by regulators over multiple security lapses and marked a significant moment in efforts to raise awareness about digital privacy.
Apple CEO Tim Cook called the Cambridge Analytica situation "dire" and has on multiple occasions called for increased regulation to protect user privacy.
Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
The matter has been moved to the Justice Department’s civil division and it is unclear how long it will take to finalize, the person said. Justice Department reviews are part of the FTC’s procedure but typically don’t change the outcome of an FTC decision.The scandal revolved around data firm Cambridge Analytica, which improperly collected information on tens of millions of Facebook users without their consent to create targeted political advertisements during the 2016 campaign.
A settlement is expected to include other government restrictions on how Facebook treats user privacy. The additional terms of the settlement couldn’t immediately be learned.
The data collection came through an app called "This Is Your Digital Life," which requested that Facebook users complete a survey for academic use. In reality, the app's permissions allowed it to collect personal information on not just the Facebook users who took the survey but also their friends.
Facebook revamped its privacy practices in the wake of the scandal, but the company still faced investigations by regulators over multiple security lapses and marked a significant moment in efforts to raise awareness about digital privacy.
Apple CEO Tim Cook called the Cambridge Analytica situation "dire" and has on multiple occasions called for increased regulation to protect user privacy.
Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Tag: Facebook
[ 179 comments ]
Top Rated Comments
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21 weeks ago
so tens of millions of FB users got their privacy robbed and then the Govt pockets $5 Billion because of it
21 weeks ago
Good news. FB needs to die in the long run.
Hate to be on insta, but I try to use it rarely.
Hate to be on insta, but I try to use it rarely.
21 weeks ago
That **** company deserves to have another 0 behind that settlement sum for a nice round 50 Billion.
21 weeks ago
Facebook and Google worked closely with the Obama and Hillary campaigns. I think they should get fined 5 billion for each event. Focusing on the 2016 Trump campaign is a myopic approach to the political involvement of these organizations.
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