London, Facebook is facing its first financial

penalty for allowing the political consultancy Cambridge Analytica to

forage through the personal data of millions of unknowing Facebook

users.

The social media giant faces a 500,000-pound ($663,000) fine

for failing to protect the personal information of its subscribers following

an investigation into the Cambridge Analytica data harvesting scandal

by the U.K. Information Commissioner’s Office.

The proposed fine announced today is the maximum possible for

the scandal, which first broke in March. While the penalty is small for

Facebook, it is a warning shot for companies that now face fines of up

to 2 percent of global revenue under European Union (EU) data

protection regulations rolled out later, in May.

The announcement came after an investigation into Cambridge

Analytica, which declared bankruptcy this year following allegations

that it used personal information harvested from 87 million Facebook

accounts to help Donald Trump win the 2016 presidential election. The

data allegedly helped the Trump campaign target political advertising

more accurately by giving them insight into what American Facebook

users liked and disliked.

The ICO is also conducting a wider probe into the use of data

analytics by other political campaigns, the Associated Press (AP) news

reported.

Source: Oman News Agency