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
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
Source: Oman News Agency