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Wednesday, 11 July 2018

Facebook Is Slapped With First Fine For Cambridge Analytica Scandal

Facebook is staring down its first fine for allowing Cambridge Analytica to improperly access data about millions of people, potentially opening the door for governments around the world to slap the social media giant with other tougher penalties and stricter regulation. On Tuesday, U.K. watchdogs announced a $664,000 preliminary fine — the maximum amount allowed — after finding Facebook lacked strong privacy protections and overlooked critical warning signs that might have prevented Cambridge Analytica from trying to manipulate public opinion on behalf of clients around the world, including those who sought to withdraw Britain from the European Union in 2016....read more >>